ABX DESTINASJONSUTVIKLING AS: årsregnskap 2013 vs 2012
Shrank 67% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABX DESTINASJONSUTVIKLING AS. Revenue 202.6k NOK → 66.7k NOK (-67.1%). Net result +79.1k NOK → +127.5k NOK. Equity 243.5k NOK → 116.0k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABX DESTINASJONSUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +79.1k NOK → +127.5k NOK (net margin 39.0% → 191.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 202.6k NOK to 66.7k NOK (-67.1% YoY). Calculated
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↓
Equity eroded
Book equity 243.5k NOK → 116.0k NOK (equity ratio 13.8% → 7.0%). Calculated
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↓
Cash fell
Bank deposits 12.1k NOK → 8 322 NOK (-31.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 175.0k NOK → 175 NOK. Reported fact