AJOUR MEDIA AS: årsregnskap 2013 vs 2012
Shrank 20% on revenue, stronger earnings, cash halved-plus
approved 2014-05-19; registry 2014-07-24; journal 2014 605773
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AJOUR MEDIA AS. Revenue 2.35m NOK → 1.88m NOK (-19.9%). Net result +108.7k NOK → +152.41bn NOK. Equity 811.8k NOK → 964.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AJOUR MEDIA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +148.1k NOK → +194.2k NOK (op. margin 6.3% → 10.3%). Calculated
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Net result improved
Net result +108.7k NOK → +152.41bn NOK (net margin 4.6% → 8093373.8%). Calculated
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Equity strengthened
Book equity 811.8k NOK → 964.2k NOK (equity ratio 68.7% → 73.7%). Calculated
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Payroll decreased
Salary cost 1.17m NOK → 1.15m NOK (50% → 61% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.35m NOK to 1.88m NOK (-19.9% YoY). Calculated
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Cash fell
Bank deposits 679.3k NOK → 1 123 NOK (-99.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.20× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 499.3k NOK → 75.3k NOK (-84.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 9 750 NOK → 1 NOK. Reported fact