AEGER GROUP AS: årsregnskap 2013 vs 2012
Shrank 408% on revenue, stronger earnings
approved 2014-05-21; registry 2014-07-05; journal 2014 543414
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AEGER GROUP AS. Revenue 344.6k NOK → -1.06m NOK (-408.5%). Net result +45 NOK → +320.2k NOK. Equity -149.2k NOK → -469.4k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEGER GROUP AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +45 NOK → +320.2k NOK (net margin 0.0% → -30.1%). Calculated
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Cash rose
Bank deposits 246.9k NOK → 518.0k NOK (+109.8% YoY). Calculated
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Payroll decreased
Salary cost 509.9k NOK → 144.7k NOK. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 344.6k NOK to -1.06m NOK (-408.5% YoY). Calculated
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Operating result weakened
Operating result -179.3k NOK → -319.2k NOK (op. margin -52.0% → 30.0%). Calculated
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Equity eroded
Book equity -149.2k NOK → -469.4k NOK (equity ratio -55.4% → -83.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -83.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation