FirmaIQ
Org.nr 922 493 626 2012 → 2013 Year-over-year analysis

REACH SUBSEA ASA: årsregnskap 2013 vs 2012

Shrank 100% on revenue, fresh owner capital

approved 2014-04-28; registry 2014-09-09; journal 2014 795906

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for REACH SUBSEA ASA. Revenue 3.56m NOK → 16.1k NOK (-99.5%). Equity 14 NOK → 159.61m NOK.

On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.

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

At a glance

Scorecard

Revenue
3.56m NOK 16.1k NOK
-99.5%
Net result
n/m +1.54m NOK
—
Equity
14 NOK 159.61m NOK
+1140085614.3%
Cash
45.58m NOK 87.45m NOK
+91.9%
Total assets
63.97m NOK 160.02m NOK
+150.1%

What improved

  • ↑

    Equity strengthened

    Book equity 14 NOK → 159.61m NOK (equity ratio 0.0% → 99.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 45.58m NOK → 87.45m NOK (+91.9% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 58.68m NOK → 143.01m NOK (+84.34m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.56m NOK to 16.1k NOK (-99.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5.08m NOK → 3579.00bn NOK (143% → 22243632635% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 0 NOK → 6.10m NOK (None YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 12.0k NOK → 67.58m NOK. Reported fact