4U HAIR BODY STYLE AS: årsregnskap 2013 vs 2012
Weaker earnings
approved 2014-04-08; registry 2014-06-23; journal 2014 496953
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 4U HAIR BODY STYLE AS. Revenue 2.06m NOK → 2.05m NOK (-0.5%). Net result +255.4k NOK → +112.0k NOK. Equity -1.75m NOK → -1.64m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4U HAIR BODY STYLE AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -1.75m NOK → -1.64m NOK (equity ratio -150.7% → -151.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.06m NOK to 2.05m NOK (-0.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +465.8k NOK → +335.7k NOK (op. margin 22.6% → 16.4%). Calculated
-
↓
Net result weakened
Net result +255.4k NOK → +112.0k NOK (net margin 12.4% → 5.5%). Calculated
-
↓
Cash fell
Bank deposits 20.5k NOK → 14.9k NOK (-27.7% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 921.0k NOK → 1.18m NOK (45% → 58% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -151.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 277.0k NOK → 228.3k NOK (-17.6% YoY). Calculated