100 % PAULSEN AS: årsregnskap 2013 vs 2012
Grew 44% on revenue, returned to profit
approved 2014-04-11; registry 2014-05-03; journal 2014 376794
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 100 % PAULSEN AS. Revenue 1.25m NOK → 1.81m NOK (+44.4%). Net result -26.7k NOK → +106.9k NOK. Equity 3 267 NOK → -103.6k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 100 % PAULSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.25m NOK to 1.81m NOK (+44.4% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 26.7k NOK to a profit of 106.9k NOK. Calculated
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↑
Cash rose
Bank deposits 26.1k NOK → 95.4k NOK (+265.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -22.7k NOK → -94.5k NOK (op. margin -1.8% → -5.2%). Calculated
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↓
Equity eroded
Book equity 3 267 NOK → -103.6k NOK (equity ratio 0.4% → -22.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4 489 NOK → 761.5k NOK (0% → 42% of revenue). Calculated
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COGS moved
COGS / varekostnad 523.7k NOK → 779.0k NOK (+48.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3 302 NOK → 19.4k NOK. Reported fact