ACTIVESPORT AS: årsregnskap 2013 vs 2012
Shrank 82% on revenue, slipped into loss, cash halved-plus
approved 2014-04-19; registry 2014-05-22; journal 2014 414210
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACTIVESPORT AS. Revenue 452.9k NOK → 81.0k NOK (-82.1%). Net result +76.9k NOK → -67.2k NOK. Equity 97.5k NOK → 30.3k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVESPORT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 452.9k NOK to 81.0k NOK (-82.1% YoY). Calculated
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Operating result weakened
Operating result +103.1k NOK → -64.0k NOK (op. margin 22.8% → -79.0%). Calculated
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Fell into a net loss
Net result flipped from 76.9k NOK profit to a loss of 67.2k NOK. Calculated
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Equity eroded
Book equity 97.5k NOK → 30.3k NOK (equity ratio 34.4% → 9.0%). Calculated
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Cash fell
Bank deposits 124.8k NOK → 30.8k NOK (-75.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation