ADVANTAGE AS: årsregnskap 2013 vs 2012
Weaker earnings
approved 2014-08-25; registry 2014-08-30; journal 2014 734030
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVANTAGE AS. Net result -6 274 NOK → -253.9k NOK. Equity 31.2k NOK → -222.7k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANTAGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -10.3k NOK → +37.0k NOK. Calculated
-
↑
Cash rose
Bank deposits 150 NOK → 390.1k NOK (+260000.0% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result -6 274 NOK → -253.9k NOK. Calculated
-
↓
Equity eroded
Book equity 31.2k NOK → -222.7k NOK (equity ratio 6.9% → -51.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -51.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 395.4k NOK → 100.0k NOK. Reported fact