ABSTEIRO AS: årsregnskap 2013 vs 2012
Grew 589% on revenue, stronger earnings, cash halved-plus
approved 2014-06-19; registry 2014-09-01; journal 2014 746672
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABSTEIRO AS. Revenue 100.0k NOK → 689.0k NOK (+589.0%). Net result -33.9k NOK → -22.1k NOK. Equity 7.12m NOK → 234.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSTEIRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 100.0k NOK to 689.0k NOK (+589.0% YoY). Calculated
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Operating result improved
Operating result +38.4k NOK → +350.2k NOK (op. margin 38.4% → 50.8%). Calculated
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Net result improved
Net result -33.9k NOK → -22.1k NOK (net margin -33.9% → -3.2%). Calculated
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Owners injected capital
Paid-in equity rose 117.3k NOK → 234.2k NOK (+117.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 7.12m NOK → 234.2k NOK (equity ratio 62.0% → 2.1%). Calculated
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Cash fell
Bank deposits 652.4k NOK → 272.1k NOK (-58.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation