AGS HOLDING AS: årsregnskap 2013 vs 2012
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2014-05-21; registry 2014-07-22; journal 2014 598301
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AGS HOLDING AS. Revenue 137.6k NOK → 200 NOK (-99.9%). Net result +223.5k NOK → +88.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGS HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 137.6k NOK to 200 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +46.7k NOK → -103.7k NOK (op. margin 33.9% → -51843.0%). Calculated
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Net result weakened
Net result +223.5k NOK → +88.3k NOK (net margin 162.4% → 44173.5%). Calculated
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Cash fell
Bank deposits 8.91m NOK → 1.98m NOK (-77.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 5193.06× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.91m NOK → 1.98m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1.16m NOK → 6.15m NOK. Reported fact