AE. EIENDOMSØR AS: årsregnskap 2013 vs 2012
Shrank 12% on revenue
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AE. EIENDOMSØR AS. Revenue 95.5k NOK → 84.0k NOK (-12.0%). Equity -454.0k NOK → -671.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE. EIENDOMSØR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +8 221 NOK → +23.5k NOK (op. margin 8.6% → 28.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 95.5k NOK to 84.0k NOK (-12.0% YoY). Calculated
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↓
Equity eroded
Book equity -454.0k NOK → -671.1k NOK (equity ratio -11.9% → -17.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.88× → 0.39× — 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 -17.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation