AJ TRADING AS: årsregnskap 2013 vs 2012
Shrank 74% on revenue, cash halved-plus
approved 2014-10-31; registry 2014-11-05; journal 2014 871683
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AJ TRADING AS. Revenue 143.1k NOK → 36.9k NOK (-74.2%). Equity -651.8k NOK → -690.2k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AJ TRADING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 143.1k NOK to 36.9k NOK (-74.2% YoY). Calculated
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Equity eroded
Book equity -651.8k NOK → -690.2k NOK (equity ratio -1339.3% → -51087.3%). Calculated
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Cash fell
Bank deposits 3 759 NOK → 1 351 NOK (-64.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 12.15× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 394 NOK → 7 627 NOK (2% → 21% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -51087.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 125.8k NOK → 22.6k NOK (-82.1% YoY). Calculated