ACE WELL TECHNOLOGY AS: årsregnskap 2013 vs 2012
Stronger earnings
approved 2014-05-15; registry 2014-06-19; journal 2014 474643
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACE WELL TECHNOLOGY AS. Revenue 0 NOK → 7.38m NOK. Net result -273.5k NOK → -72.1k NOK. Equity -255.0k NOK → -315.6k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACE WELL TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 7.38m NOK. Calculated
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↑
Net result improved
Net result -273.5k NOK → -72.1k NOK. Calculated
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↑
Payroll decreased
Salary cost 26.4k NOK → 2 428 NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -255.0k NOK → -315.6k NOK (equity ratio -5.1% → -32.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation