3D-BEDRIFT AS: årsregnskap 2013 vs 2012
Grew 69% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 3D-BEDRIFT AS. Revenue 10.48m NOK → 17.71m NOK (+69.0%). Net result +441.6k NOK → +856.7k NOK. Equity 549.8k NOK → 469.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3D-BEDRIFT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.48m NOK to 17.71m NOK (+69.0% YoY). Calculated
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Operating result improved
Operating result +688.3k NOK → +953.8k NOK (op. margin 6.6% → 5.4%). Calculated
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Net result improved
Net result +441.6k NOK → +856.7k NOK (net margin 4.2% → 4.8%). Calculated
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Cash rose
Bank deposits 1.88m NOK → 1.91m NOK (+1.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.85× → 1.06×. Calculated
What deteriorated
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Equity eroded
Book equity 549.8k NOK → 469.5k NOK (equity ratio 114.4% → 8.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.76m NOK → 3.59m NOK (17% → 20% of revenue). Calculated
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COGS moved
COGS / varekostnad 7 197 NOK → 12.05m NOK (+167320.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 365.7k NOK → 365 NOK. Reported fact