FirmaIQ
Org.nr 997 796 993 2012 → 2013 Year-over-year analysis

ABRAHAMSEN SOFTWARE SOLUTIONS AS: årsregnskap 2013 vs 2012

Shrank 71% on revenue, slipped into loss, cash halved-plus

approved 2014-02-28; registry 2014-04-23; journal 2014 362679

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ABRAHAMSEN SOFTWARE SOLUTIONS AS. Revenue 1.04m NOK → 305.2k NOK (-70.6%). Net result +322.4k NOK → -10.9k NOK. Equity 287.4k NOK → 276.5k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.04m NOK 305.2k NOK
-70.6%
Operating result
+447.4k NOK n/m
—
Net result
+322.4k NOK -10.9k NOK
-103.4%
Equity
287.4k NOK 276.5k NOK
-3.8%
Cash
622.1k NOK 309.4k NOK
-50.3%
Total assets
708.4k NOK 312.6k NOK
-55.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.04m NOK to 305.2k NOK (-70.6% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 322.4k NOK profit to a loss of 10.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 287.4k NOK → 276.5k NOK (equity ratio 40.6% → 88.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 622.1k NOK → 309.4k NOK (-50.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4 561 NOK → 285.8k NOK (0% → 94% of revenue). Calculated