Org.nr 993 109 940 2012 → 2013 Year-over-year analysis

247 ENERGY AS: årsregnskap 2013 vs 2012

Grew 5% on revenue

approved 2014-05-05; registry 2014-05-21; journal 2014 412334

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 247 ENERGY AS. Revenue 2.37m NOK → 2.49m NOK (+5.1%). Equity -2.06m NOK → -2.66m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 247 ENERGY AS.

At a glance

Revenue

2.37m NOK 2.49m NOK

+5.1%

Operating result

-666.9k NOK -607.0k NOK

+9.0%

Equity

-2.06m NOK -2.66m NOK

-29.2%

Cash

213.0k NOK 151.5k NOK

-28.9%

Total assets

1.08m NOK 768.2k NOK

-28.8%

↑
Revenue rose

Operating income / revenue moved from 2.37m NOK to 2.49m NOK (+5.1% YoY). Calculated
↑
Operating result improved

Operating result -666.9k NOK → -607.0k NOK (op. margin -28.1% → -24.4%). Calculated

↓
Equity eroded

Book equity -2.06m NOK → -2.66m NOK (equity ratio -190.8% → -346.3%). Calculated
↓
Cash fell

Bank deposits 213.0k NOK → 151.5k NOK (-28.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is -346.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 768.6k NOK → 794.8k NOK (32% → 32% of revenue). Calculated
·
COGS fell

COGS / varekostnad 583.2k NOK → 563.3k NOK (-3.4% YoY). Calculated