AGINCOURT INVEST AS: årsregnskap 2013 vs 2012
Shrank 39% on revenue, cash halved-plus
approved 2015-09-21; registry 2015-10-10; journal 2015 931865
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AGINCOURT INVEST AS. Revenue 16.19m NOK → 9.81m NOK (-39.5%). Equity 870.4k NOK → 5 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGINCOURT INVEST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 16.19m NOK to 9.81m NOK (-39.5% YoY). Calculated
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↓
Equity eroded
Book equity 870.4k NOK → 5 NOK (equity ratio 14.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 277.1k NOK → 44.8k NOK (-83.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.48m NOK → 1.56m NOK (9% → 16% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 13.61m NOK → 7.97m NOK (-41.5% YoY). Calculated