NEKKAR ASA: årsregnskap 2013 vs 2012
Shrank 100% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for NEKKAR ASA. Revenue 24.09m NOK → 33.2k NOK (-99.9%). Net result +450.42m NOK → +96.9k NOK. Equity 483.46m NOK → 573.4k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for NEKKAR ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -16.82m NOK → -28.5k NOK (op. margin -69.8% → -85.8%). Calculated
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Payroll decreased
Salary cost 24.25m NOK → 5.68m NOK (101% → 17108% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 24.09m NOK to 33.2k NOK (-99.9% YoY). Calculated
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Net result weakened
Net result +450.42m NOK → +96.9k NOK (net margin 1869.7% → 291.7%). Calculated
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Equity eroded
Book equity 483.46m NOK → 573.4k NOK (equity ratio 47.8% → 58.2%). Calculated
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Cash fell
Bank deposits 3.15m NOK → 12 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.15m NOK → 12 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 158.87m NOK → 158.9k NOK — check capital reduction, conversion, or reclassification. Interpretation