SATS ASA: årsregnskap 2013 vs 2012
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for SATS ASA. Net result -23.92m NOK → -72.88m NOK. Equity 197.72m NOK → 124.84m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for SATS ASA.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -84.0k NOK → -714.4k NOK. Calculated
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↓
Net result weakened
Net result -23.92m NOK → -72.88m NOK. Calculated
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↓
Equity eroded
Book equity 197.72m NOK → 124.84m NOK (equity ratio 12.0% → 7.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value -1 498 NOK → 1.55bn NOK. Reported fact