ACTIVE MARINE AS: årsregnskap 2013 vs 2012
Grew 179353% on revenue, stronger earnings
approved 2014-05-28; registry 2014-06-18; journal 2014 465522
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACTIVE MARINE AS. Revenue 2 135 NOK → 3.83m NOK (+179353.2%). Net result +182.6k NOK → +569.2k NOK. Equity 218.2k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVE MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 135 NOK to 3.83m NOK (+179353.2% YoY). Calculated
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↑
Operating result improved
Operating result +250.8k NOK → +791.3k NOK (op. margin 11748.1% → 20.7%). Calculated
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↑
Net result improved
Net result +182.6k NOK → +569.2k NOK (net margin 8554.0% → 14.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 218.2k NOK → 100.0k NOK (equity ratio 17.5% → 4.8%). Calculated
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↓
Cash fell
Bank deposits 640.6k NOK → 399.8k NOK (-37.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation