AGIO FORVALTNING AS: årsregnskap 2013 vs 2012
Grew 40% on revenue, weaker earnings
approved 2014-06-30; registry 2014-09-03; journal 2014 755257
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AGIO FORVALTNING AS. Revenue 3.07m NOK → 4.29m NOK (+40.0%). Net result +70.0k NOK → 0 NOK. Equity 534.4k NOK → 306.9k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AGIO FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.07m NOK to 4.29m NOK (+40.0% YoY). Calculated
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↑
Operating result improved
Operating result +93.4k NOK → +98.0k NOK (op. margin 3.0% → 2.3%). Calculated
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Cash rose
Bank deposits 238.8k NOK → 328.4k NOK (+37.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +70.0k NOK → 0 NOK (net margin 2.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity 534.4k NOK → 306.9k NOK (equity ratio 2243.1% → 27.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.79× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 350.8k NOK → 50.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.05m NOK → 3.03m NOK (67% → 71% of revenue). Calculated