10XNORTH AS: årsregnskap 2013 vs 2012
Grew 280% on revenue, weaker earnings
approved 2014-01-27; registry 2014-03-01; journal 2014 308196
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 10XNORTH AS. Revenue 807.5k NOK → 3.07m NOK (+280.1%). Net result +661.9k NOK → +408.3k NOK. Equity 768.0k NOK → 876.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 10XNORTH AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 807.5k NOK to 3.07m NOK (+280.1% YoY). Calculated
-
↑
Equity strengthened
Book equity 768.0k NOK → 876.3k NOK (equity ratio 2626.4% → 43.8%). Calculated
-
↑
Cash rose
Bank deposits 204.7k NOK → 1.29m NOK (+532.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +941.8k NOK → +590.7k NOK (op. margin 116.6% → 19.2%). Calculated
-
↓
Net result weakened
Net result +661.9k NOK → +408.3k NOK (net margin 82.0% → 13.3%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 605 NOK → 588.8k NOK (0% → 19% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 836.7k NOK → 1.42m NOK (+69.8% YoY). Calculated