FirmaIQ
Org.nr 991 045 465 2012 → 2013 Year-over-year analysis

ACCESS EVENT AS: årsregnskap 2013 vs 2012

Weaker earnings, cash halved-plus

approved 2014-06-30; registry 2014-09-11; journal 2014 823592

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ACCESS EVENT AS. Revenue 5.97m NOK → 5.79m NOK (-3.0%). Net result +1.20m NOK → +6 428 NOK. Equity 606.4k NOK → 612.9k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS EVENT AS.

At a glance

Scorecard

Revenue
5.97m NOK 5.79m NOK
-3.0%
Net result
+1.20m NOK +6 428 NOK
-99.5%
Equity
606.4k NOK 612.9k NOK
+1.1%
Cash
234.1k NOK 23.0k NOK
-90.2%
Total assets
8.13m NOK 39.42m NOK
+384.9%

What improved

  • ↑

    Equity strengthened

    Book equity 606.4k NOK → 612.9k NOK (equity ratio 7.5% → 1.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.97m NOK to 5.79m NOK (-3.0% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.20m NOK → +6 428 NOK (net margin 20.0% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 234.1k NOK → 23.0k NOK (-90.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 358.6k NOK → 5.65m NOK (+1475.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation