Org.nr 981 375 793 2012 → 2013 Year-over-year analysis

ACE GOLF AS: årsregnskap 2013 vs 2012

Cash halved-plus

approved 2014-05-28; registry 2014-06-19; journal 2014 475009

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ACE GOLF AS. Revenue 4.99m NOK → 4.98m NOK (-0.4%). Equity 951.4k NOK → 804.3k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACE GOLF AS.

At a glance

Revenue

4.99m NOK 4.98m NOK

-0.4%

Operating result

+395.7k NOK -152.0k NOK

-138.4%

Net result

+288.3k NOK n/m

—

Equity

951.4k NOK 804.3k NOK

-15.5%

Cash

355.5k NOK 53.1k NOK

-85.1%

Total assets

1.28m NOK 1.15m NOK

-9.9%

↓
Revenue fell

Operating income / revenue moved from 4.99m NOK to 4.98m NOK (-0.4% YoY). Calculated
↓
Operating result weakened

Operating result +395.7k NOK → -152.0k NOK (op. margin 7.9% → -3.1%). Calculated
↓
Equity eroded

Book equity 951.4k NOK → 804.3k NOK (equity ratio 74.5% → 69.9%). Calculated
↓
Cash fell

Bank deposits 355.5k NOK → 53.1k NOK (-85.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.38m NOK → 1.68m NOK (28% → 34% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 40.0k NOK → 45.0k NOK. Reported fact