Org.nr 987 174 919 2012 → 2013 Year-over-year analysis

ACTIVE MANAGEMENT AS: årsregnskap 2013 vs 2012

Cash halved-plus

approved 2014-05-24; registry 2014-07-31; journal 2014 618374

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ACTIVE MANAGEMENT AS. Revenue 2.07m NOK → 2.00m NOK (-3.2%). Net result +473.4k NOK → +405.6k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACTIVE MANAGEMENT AS.

At a glance

Revenue

2.07m NOK 2.00m NOK

-3.2%

Operating result

+76.5k NOK +802.9k NOK

+950.1%

Net result

+473.4k NOK +405.6k NOK

-14.3%

Cash

372.99m NOK 601.0k NOK

-99.8%

Total assets

2.12m NOK 2.34m NOK

+10.5%

↑
Operating result improved

Operating result +76.5k NOK → +802.9k NOK (op. margin 3.7% → 40.1%). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.07m NOK to 2.00m NOK (-3.2% YoY). Calculated
↓
Net result weakened

Net result +473.4k NOK → +405.6k NOK (net margin 22.9% → 20.3%). Calculated
↓
Cash fell

Bank deposits 372.99m NOK → 601.0k NOK (-99.8% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 729.3k NOK → 934.4k NOK (35% → 47% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (372.99m NOK → 601.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation