ABLEMAGIC AS: årsregnskap 2013 vs 2012
Grew 33% on revenue, slipped into loss
approved 2014-06-30; registry 2014-09-06; journal 2014 792404
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABLEMAGIC AS. Revenue 1.64m NOK → 2.17m NOK (+32.5%). Net result +97.8k NOK → -425.2k NOK. Equity 255.2k NOK → -170.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABLEMAGIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.64m NOK to 2.17m NOK (+32.5% YoY). Calculated
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↑
Cash rose
Bank deposits 149.1k NOK → 192.6k NOK (+29.2% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 97.8k NOK profit to a loss of 425.2k NOK. Calculated
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↓
Equity eroded
Book equity 255.2k NOK → -170.1k NOK (equity ratio 41.2% → -27.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -27.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 57.4k NOK → 253.5k NOK (+341.9% YoY). Calculated