ACTE AS: årsregnskap 2013 vs 2012
Shrank 18% on revenue, cash halved-plus
approved 2013-05-16; registry 2013-09-21; journal 2013 824175
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACTE AS. Revenue 107.03m NOK → 87.38m NOK (-18.4%). Equity 9.08m NOK → 7.58m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACTE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2 012 NOK → +2 013 NOK (op. margin 0.0% → 0.0%). Calculated
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Payroll decreased
Salary cost 15.21m NOK → 14.86m NOK (14% → 17% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 107.03m NOK to 87.38m NOK (-18.4% YoY). Calculated
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↓
Equity eroded
Book equity 9.08m NOK → 7.58m NOK (equity ratio 23.2% → 23.1%). Calculated
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↓
Cash fell
Bank deposits 6.42m NOK → 0 NOK (-100.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.00× — 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 (6.42m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 9.08m NOK → 7.58m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 75.71m NOK → 59.57m NOK (-21.3% YoY). Calculated