ADVANCE EIENDOM AS: årsregnskap 2013 vs 2012
Grew 1314% on revenue, slipped into loss, cash halved-plus
approved 2014-06-27; registry 2014-08-06; journal 2014 629855
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVANCE EIENDOM AS. Revenue 50.0k NOK → 706.9k NOK (+1313.9%). Net result +31.4k NOK → -670.2k NOK. Equity 61.4k NOK → -608.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCE EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 50.0k NOK to 706.9k NOK (+1313.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +39.5k NOK → -640.6k NOK (op. margin 79.0% → -90.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 31.4k NOK profit to a loss of 670.2k NOK. Calculated
-
↓
Equity eroded
Book equity 61.4k NOK → -608.8k NOK (equity ratio 10.6% → -466.6%). Calculated
-
↓
Cash fell
Bank deposits 530.0k NOK → 259.7k NOK (-51.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -466.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation