AEB EIENDOMINVEST AS: årsregnskap 2013 vs 2012
Weaker earnings, cash halved-plus
approved 2014-06-30; registry 2014-09-11; journal 2014 821365
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AEB EIENDOMINVEST AS. Revenue 764.0k NOK → 791.3k NOK (+3.6%). Net result +41.58m NOK → +1 118 NOK. Equity 17.74m NOK → 18.86m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AEB EIENDOMINVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 764.0k NOK to 791.3k NOK (+3.6% YoY). Calculated
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↑
Equity strengthened
Book equity 17.74m NOK → 18.86m NOK (equity ratio 48.2% → 49.6%). Calculated
What deteriorated
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↓
Net result weakened
Net result +41.58m NOK → +1 118 NOK (net margin 5442.1% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 800.4k NOK → 297.1k NOK (-62.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.87× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 11 NOK → 277.0k NOK (0% → 35% of revenue). Calculated
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·
COGS moved
COGS / varekostnad -424 NOK → 29.0k NOK (+6944.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 110.8k NOK → 12.11m NOK. Reported fact