AIDCOM HOLDING AS: årsregnskap 2013 vs 2012
Shrank 75% on revenue, returned to profit
approved 2015-04-08; registry 2015-04-13; journal 2015 357514
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIDCOM HOLDING AS. Revenue 341.8k NOK → 84.3k NOK (-75.3%). Net result -6 907 NOK → +377.1k NOK. Equity -1.05m NOK → -1.43m NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIDCOM HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +80.9k NOK → +142.8k NOK (op. margin 23.7% → 169.4%). Calculated
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Turned profitable
Net result flipped from a loss of 6 907 NOK to a profit of 377.1k NOK. Calculated
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Cash rose
Bank deposits 1 610 NOK → 21.2k NOK (+1215.1% YoY). Calculated
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Payroll decreased
Salary cost 4.20m NOK → 74.5k NOK (1229% → 88% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 341.8k NOK to 84.3k NOK (-75.3% YoY). Calculated
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Equity eroded
Book equity -1.05m NOK → -1.43m NOK (equity ratio -988.1% → -6761.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6761.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation