AGENIUS AS: årsregnskap 2013 vs 2012
Shrank 62% on revenue, fresh owner capital
approved 2014-08-20; registry 2014-08-25; journal 2014 701657
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AGENIUS AS. Revenue 121.7k NOK → 46.8k NOK (-61.6%). Equity 390.4k NOK → -34.4k NOK.
On the constructive side: operating result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGENIUS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -580.3k NOK → -62.7k NOK (op. margin -476.7% → -134.1%). Calculated
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Owners injected capital
Paid-in equity rose 646.7k NOK → 811.7k NOK (+165.0k NOK). Reported fact
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Payroll decreased
Salary cost 264.2k NOK → 5 482 NOK (217% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 121.7k NOK to 46.8k NOK (-61.6% YoY). Calculated
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↓
Equity eroded
Book equity 390.4k NOK → -34.4k NOK (equity ratio 54.2% → -12.9%). Calculated
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↓
Cash fell
Bank deposits 261.5k NOK → 259.7k NOK (-0.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation