ABVK EIENDOM AS: årsregnskap 2013 vs 2012
Grew 2300% on revenue, stronger earnings, cash halved-plus
approved 2014-05-02; registry 2014-05-07; journal 2014 383525
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABVK EIENDOM AS. Revenue 62.5k NOK → 1.50m NOK (+2300.0%). Net result -466.3k NOK → -744 NOK. Equity 202.0k NOK → 276.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. 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 ABVK EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 62.5k NOK to 1.50m NOK (+2300.0% YoY). Calculated
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Operating result improved
Operating result -183.1k NOK → +896.0k NOK (op. margin -292.9% → 59.7%). Calculated
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Net result improved
Net result -466.3k NOK → -744 NOK (net margin -746.0% → -0.0%). Calculated
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Equity strengthened
Book equity 202.0k NOK → 276.8k NOK (equity ratio 1.0% → 1.6%). Calculated
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Owners injected capital
Paid-in equity rose 202.0k NOK → 276.8k NOK (+74.8k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 1.94m NOK → 290.2k NOK (-85.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.89× → 0.15× — 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 (1.94m NOK → 290.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation