AKERSHUS DEKK AS: årsregnskap 2013 vs 2012
Weaker earnings, cash halved-plus
approved 2014-05-30; registry 2014-08-19; journal 2014 670696
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AKERSHUS DEKK AS. Revenue 3.44m NOK → 3.43m NOK (-0.1%). Net result -20.4k NOK → -139.4k NOK. Equity 179.8k NOK → 40.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS DEKK AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 591.5k NOK → 542.0k NOK (17% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.44m NOK to 3.43m NOK (-0.1% YoY). Calculated
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↓
Operating result weakened
Operating result -18.4k NOK → -180.5k NOK (op. margin -0.5% → -5.3%). Calculated
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↓
Net result weakened
Net result -20.4k NOK → -139.4k NOK (net margin -0.6% → -4.1%). Calculated
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↓
Equity eroded
Book equity 179.8k NOK → 40.4k NOK (equity ratio 37.0% → 5.4%). Calculated
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↓
Cash fell
Bank deposits 112.0k NOK → 48.1k NOK (-57.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation