AKADEMIET UTVEKSLING AS: årsregnskap 2013 vs 2012
Shrank 91% on revenue, slipped into loss
approved 2014-04-09; registry 2014-09-10; journal 2014 816385
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AKADEMIET UTVEKSLING AS. Revenue 819.6k NOK → 76.4k NOK (-90.7%). Net result +20.5k NOK → -268.2k NOK. Equity 50.5k NOK → -217.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKADEMIET UTVEKSLING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 234.1k NOK → 250.4k NOK (+7.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 819.6k NOK to 76.4k NOK (-90.7% YoY). Calculated
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↓
Operating result weakened
Operating result +30.1k NOK → -26.1k NOK (op. margin 3.7% → -34.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 20.5k NOK profit to a loss of 268.2k NOK. Calculated
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↓
Equity eroded
Book equity 50.5k NOK → -217.8k NOK (equity ratio 3.7% → -20.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 404.85× → 0.30× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 80.1k NOK → 96.0k NOK. Reported fact