ADVANCED MOBILE COMPUTING AND TECHNOLOGY AS: årsregnskap 2013 vs 2012
Shrank 37% on revenue, cash halved-plus
approved 2014-05-23; registry 2014-08-12; journal 2014 647015
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVANCED MOBILE COMPUTING AND TECHNOLOGY AS. Revenue 4.00m NOK → 2.53m NOK (-36.8%). Equity 8.94m NOK → 750.2k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED MOBILE COMPUTING AND TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -478.0k NOK → -204.2k NOK (op. margin -12.0% → -8.1%). Calculated
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↑
Payroll decreased
Salary cost 2.68m NOK → 1.66m NOK (67% → 66% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.00m NOK to 2.53m NOK (-36.8% YoY). Calculated
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↓
Equity eroded
Book equity 8.94m NOK → 750.2k NOK (equity ratio 511.0% → 60.8%). Calculated
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↓
Cash fell
Bank deposits 745.9k NOK → 152.3k NOK (-79.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.00× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 953.9k NOK → 290.8k NOK (-69.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 328.4k NOK → 312.2k NOK. Reported fact