Org.nr 998 548 217 2012 → 2013 Year-over-year analysis

NOREXECO ASA: årsregnskap 2013 vs 2012

Fresh owner capital

approved 2014-03-13; registry 2014-07-16; journal 2014 584534

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for NOREXECO ASA. Revenue 0 NOK → 10.7k NOK. Equity 509.1k NOK → 4 874 NOK.

On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for NOREXECO ASA.

At a glance

Revenue

0 NOK 10.7k NOK

—

Operating result

-620.7k NOK -7.40m NOK

-1091.8%

Equity

509.1k NOK 4 874 NOK

-99.0%

Cash

524.2k NOK 825.5k NOK

+57.5%

Total assets

971.6k NOK 432.6k NOK

-55.5%

↑
Revenue rose

Operating income / revenue moved from 0 NOK to 10.7k NOK. Calculated
↑
Cash rose

Bank deposits 524.2k NOK → 825.5k NOK (+57.5% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 1 010 NOK → 10.49m NOK (+10.49m NOK). Reported fact

↓
Operating result weakened

Operating result -620.7k NOK → -7.40m NOK. Calculated
↓
Equity eroded

Book equity 509.1k NOK → 4 874 NOK (equity ratio 52.4% → 1.1%). Calculated

·
Thin equity buffer

Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 3 275 NOK → 4.88m NOK. Calculated