FirmaIQ
Org.nr 897 414 562 2012 → 2013 Year-over-year analysis

2H ELEKTRO AS: årsregnskap 2013 vs 2012

Shrank 91% on revenue, weaker earnings

approved 2014-03-30; registry 2014-05-21; journal 2014 413076

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 2H ELEKTRO AS. Revenue 870.8k NOK → 82.4k NOK (-90.5%). Net result +21.9k NOK → +10.3k NOK. Equity 237.7k NOK → 148.0k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
870.8k NOK 82.4k NOK
-90.5%
Operating result
+30.4k NOK +31.3k NOK
+2.8%
Net result
+21.9k NOK +10.3k NOK
-52.8%
Equity
237.7k NOK 148.0k NOK
-37.7%
Cash
249.3k NOK 244.7k NOK
-1.8%
Total assets
368.4k NOK 391.8k NOK
+6.3%

What improved

  • ↑

    Operating result improved

    Operating result +30.4k NOK → +31.3k NOK (op. margin 3.5% → 38.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.42m NOK → 425.5k NOK (163% → 516% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 870.8k NOK to 82.4k NOK (-90.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result +21.9k NOK → +10.3k NOK (net margin 2.5% → 12.5%). Calculated

  • ↓

    Equity eroded

    Book equity 237.7k NOK → 148.0k NOK (equity ratio 64.5% → 37.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 249.3k NOK → 244.7k NOK (-1.8% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 308.8k NOK → 420.2k NOK (+36.1% YoY). Calculated