FirmaIQ
Org.nr 991 408 495 2012 → 2013 Year-over-year analysis

AIBEL HOLDING III AS: årsregnskap 2013 vs 2012

Weaker earnings, cash halved-plus

approved 2014-04-10; registry 2014-08-13; journal 2014 650381

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AIBEL HOLDING III AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +116.00m NOK → +2 013 NOK. Equity 2.24bn NOK → 1.06bn NOK.

On the constructive side: current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AIBEL HOLDING III AS.

At a glance

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Net result
+116.00m NOK +2 013 NOK
-100.0%
Equity
2.24bn NOK 1.06bn NOK
-52.9%
Cash
3.58m NOK 68.6k NOK
-98.1%
Total assets
2.38bn NOK 2.58bn NOK
+8.5%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.32× → 2.48×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +116.00m NOK → +2 013 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.24bn NOK → 1.06bn NOK (equity ratio 94.2% → 40.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.58m NOK → 68.6k NOK (-98.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.58m NOK → 68.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2.34bn NOK → 2.48bn NOK. Reported fact