Org.nr 994 051 067 2012 → 2013 Year-over-year analysis

PANORO ENERGY ASA: årsregnskap 2013 vs 2012

Shrank 81% on revenue

approved 2014-04-22; registry 2014-04-29; journal 2014 371509

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for PANORO ENERGY ASA. Revenue 529.0k NOK → 101.0k NOK (-80.9%). Equity 308.77m NOK → 173.66m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for PANORO ENERGY ASA.

At a glance

Revenue

529.0k NOK 101.0k NOK

-80.9%

Operating result

-31.24m NOK n/m

—

Net result

-47.81m NOK n/m

—

Equity

308.77m NOK 173.66m NOK

-43.8%

Cash

50.41m NOK 48.85m NOK

-3.1%

Total assets

441.99m NOK 298.78m NOK

-32.4%

↓
Revenue fell

Operating income / revenue moved from 529.0k NOK to 101.0k NOK (-80.9% YoY). Calculated
↓
Equity eroded

Book equity 308.77m NOK → 173.66m NOK (equity ratio 69.9% → 58.1%). Calculated
↓
Cash fell

Bank deposits 50.41m NOK → 48.85m NOK (-3.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.36× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 1.49m NOK → 2.87m NOK (282% → 2846% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 389.15m NOK → 247.88m NOK. Reported fact