3T STJØRDAL AS: årsregnskap 2013 vs 2012
Weaker earnings
approved 2014-08-27; registry 2014-09-04; journal 2014 769143
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 3T STJØRDAL AS. Revenue 8.77m NOK → 9.11m NOK (+3.9%). Net result +643.3k NOK → +168.0k NOK. Equity 348.3k NOK → 266.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 3T STJØRDAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.77m NOK to 9.11m NOK (+3.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +944.7k NOK → +635.2k NOK (op. margin 10.8% → 7.0%). Calculated
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↓
Net result weakened
Net result +643.3k NOK → +168.0k NOK (net margin 7.3% → 1.8%). Calculated
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↓
Equity eroded
Book equity 348.3k NOK → 266.4k NOK (equity ratio 12.2% → 8.6%). Calculated
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↓
Cash fell
Bank deposits 904.0k NOK → 638.4k NOK (-29.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.59m NOK → 3.63m NOK (41% → 40% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 458.4k NOK → 256.3k NOK (-44.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 34.3k NOK → 58.2k NOK. Reported fact