AHL SHIPPING AS: årsregnskap 2013 vs 2012
Shrank 13% on revenue, cash halved-plus
approved 2014-06-23; registry 2014-09-04; journal 2014 773895
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AHL SHIPPING AS. Revenue 3.69m NOK → 3.22m NOK (-12.8%). Equity 6.14m NOK → 6.83m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AHL SHIPPING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 6.14m NOK → 6.83m NOK (equity ratio 84.2% → 58.8%). Calculated
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↑
Payroll decreased
Salary cost 1.44m NOK → 1.42m NOK (39% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.69m NOK to 3.22m NOK (-12.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1.26m NOK → +805.9k NOK (op. margin 34.2% → 25.0%). Calculated
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↓
Cash fell
Bank deposits 3.01m NOK → 503.9k NOK (-83.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.01m NOK → 503.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 154.0k NOK → 178.1k NOK. Reported fact