ACTRONICS AS: årsregnskap 2013 vs 2012
Shrank 31% on revenue
approved 2014-04-22; registry 2014-06-21; journal 2014 479670
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACTRONICS AS. Revenue 319.7k NOK → 220.2k NOK (-31.1%). Equity 16.3k NOK → -151.4k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTRONICS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 42.4k NOK → 154.1k NOK (+263.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 319.7k NOK to 220.2k NOK (-31.1% YoY). Calculated
-
↓
Operating result weakened
Operating result -13.8k NOK → -99.5k NOK (op. margin -4.3% → -45.2%). Calculated
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↓
Equity eroded
Book equity 16.3k NOK → -151.4k NOK (equity ratio 9.3% → -36.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 99.3k NOK → 283.0k NOK (31% → 129% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -36.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation