ABS ASSURANSEAGENTURER AS: årsregnskap 2013 vs 2012
Grew 29% on revenue, cash halved-plus
approved 2014-05-31; registry 2014-09-10; journal 2014 813907
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABS ASSURANSEAGENTURER AS. Revenue 168.0k NOK → 217.5k NOK (+29.5%). Equity 207.6k NOK → 225.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABS ASSURANSEAGENTURER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 168.0k NOK to 217.5k NOK (+29.5% YoY). Calculated
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↑
Equity strengthened
Book equity 207.6k NOK → 225.7k NOK (equity ratio 11.4% → 12.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.63m NOK → 60.2k NOK (-98.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 150.86× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.63m NOK → 60.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation