ENDÚR ASA: årsregnskap 2013 vs 2012
Grew 55% on revenue, returned to profit, cash halved-plus
approved 2014-04-30; registry 2014-09-09; journal 2014 798080
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ENDÚR ASA. Revenue 1.98bn NOK → 3.06bn NOK (+54.7%). Net result -751.6k NOK → +6.39m NOK. Equity 447.81m NOK → 165.72m NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ENDÚR ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.98bn NOK to 3.06bn NOK (+54.7% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 751.6k NOK to a profit of 6.39m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 447.81m NOK → 165.72m NOK (equity ratio 26.0% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 37.84m NOK → 6.60m NOK (-82.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (37.84m NOK → 6.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 447.81m NOK → 165.72m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 2 004 NOK → 2.32m NOK (0% → 0% of revenue). Calculated
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Book investments changed
Investment / intangible book value 1.57bn NOK → 1.48bn NOK. Reported fact