FirmaIQ
Org.nr 989 951 750 2012 → 2013 Year-over-year analysis

2CARE HJEMMETJENESTER AS: årsregnskap 2013 vs 2012

Grew 6% on revenue

approved 2014-03-21; registry 2014-04-12; journal 2014 352754

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 2CARE HJEMMETJENESTER AS. Revenue 12.88m NOK → 13.62m NOK (+5.7%). Equity 628.9k NOK → 280.5k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.

At a glance

Scorecard

Revenue
12.88m NOK 13.62m NOK
+5.7%
Equity
628.9k NOK 280.5k NOK
-55.4%
Cash
900.6k NOK 984.8k NOK
+9.3%
Total assets
3.25m NOK 2.87m NOK
-11.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.88m NOK to 13.62m NOK (+5.7% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 900.6k NOK → 984.8k NOK (+9.3% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 628.9k NOK → 280.5k NOK (equity ratio 19.3% → 9.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.15× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 9.94m NOK → 10.84m NOK (77% → 80% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 517.2k NOK → 799.5k NOK (+54.6% YoY). Calculated