AD UNDAS AS: årsregnskap 2013 vs 2012
Shrank 7% on revenue, cash halved-plus
approved 2014-05-26; registry 2014-06-12; journal 2014 451234
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AD UNDAS AS. Revenue 6.78m NOK → 6.32m NOK (-6.9%). Equity 57.9k NOK → -266.6k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AD UNDAS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.78m NOK to 6.32m NOK (-6.9% YoY). Calculated
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↓
Equity eroded
Book equity 57.9k NOK → -266.6k NOK (equity ratio 2.3% → -11.9%). Calculated
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↓
Cash fell
Bank deposits 771.7k NOK → 233.2k NOK (-69.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 4.21m NOK → 3.83m NOK (-9.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8 075 NOK → 3 000 NOK. Reported fact