24SEVENOFFICE NORWAY AS: årsregnskap 2013 vs 2012
Grew 42% on revenue, stronger earnings, fresh owner capital
approved 2014-08-11; registry 2014-10-27; journal 2014 869070
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 24SEVENOFFICE NORWAY AS. Revenue 29.70m NOK → 42.21m NOK (+42.1%). Net result -19.03m NOK → -7.05m NOK. Equity -44.77m NOK → -51.12m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 29.70m NOK to 42.21m NOK (+42.1% YoY). Calculated
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Net result improved
Net result -19.03m NOK → -7.05m NOK (net margin -64.1% → -16.7%). Calculated
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Cash rose
Bank deposits 2.29m NOK → 2.29m NOK (+0.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 3.35m NOK → 4.05m NOK (+704.2k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -44.77m NOK → -51.12m NOK (equity ratio -130.7% → -128.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 16.35m NOK → 21.95m NOK (55% → 52% of revenue). Calculated
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COGS fell
COGS / varekostnad 9.07m NOK → 8.48m NOK (-6.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9.88m NOK → 6.80m NOK. Reported fact