ADJUNKT ARENTZGATE VEST 3A AS: årsregnskap 2013 vs 2012
Cash halved-plus
approved 2014-05-16; registry 2014-05-22; journal 2014 414020
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADJUNKT ARENTZGATE VEST 3A AS. Revenue 304.0k NOK → 292.5k NOK (-3.8%). Equity 244.3k NOK → 44.1k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADJUNKT ARENTZGATE VEST 3A AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 304.0k NOK to 292.5k NOK (-3.8% YoY). Calculated
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↓
Equity eroded
Book equity 244.3k NOK → 44.1k NOK (equity ratio 8.0% → 1.6%). Calculated
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↓
Cash fell
Bank deposits 10.9k NOK → 3 123 NOK (-71.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 269.6k NOK → 340.3k NOK (89% → 116% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.91m NOK → 2.69m NOK. Reported fact