ADMIN CONSULT AS: årsregnskap 2013 vs 2012
Shrank 9% on revenue, cash halved-plus
approved 2014-06-30; registry 2014-11-11; journal 2014 873314
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADMIN CONSULT AS. Revenue 926.1k NOK → 846.0k NOK (-8.6%). Equity 48.1k NOK → -16.2k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADMIN CONSULT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 926.1k NOK to 846.0k NOK (-8.6% YoY). Calculated
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Operating result weakened
Operating result +32.0k NOK → -57.7k NOK (op. margin 3.5% → -6.8%). Calculated
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↓
Equity eroded
Book equity 48.1k NOK → -16.2k NOK (equity ratio 7.1% → -4.2%). Calculated
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↓
Cash fell
Bank deposits 147.2k NOK → 21.9k NOK (-85.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 205.0k NOK → 628 NOK (-99.7% YoY). Calculated