VOIM ASA: årsregnskap 2013 vs 2012
Weaker earnings, cash halved-plus, fresh owner capital
approved 2014-06-03; registry 2014-09-02; journal 2014 733558
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for VOIM ASA. Revenue 981.3k NOK → 1.03m NOK (+4.6%). Net result +15.94m NOK → +223.6k NOK. Equity 573.3k NOK → 845.5k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for VOIM ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 981.3k NOK to 1.03m NOK (+4.6% YoY). Calculated
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↑
Equity strengthened
Book equity 573.3k NOK → 845.5k NOK (equity ratio 56.6% → 0.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 5.14×. Calculated
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↑
Owners injected capital
Paid-in equity rose 268.7k NOK → 1.03m NOK (+762.3k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +15.94m NOK → +223.6k NOK (net margin 1624.4% → 21.8%). Calculated
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↓
Cash fell
Bank deposits 208.69m NOK → 265.7k NOK (-99.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (208.69m NOK → 265.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 6.28m NOK → 6.29m NOK (640% → 613% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 4.35m NOK → 4.26m NOK (-2.1% YoY). Calculated