67NORTH AS: årsregnskap 2013 vs 2012
Grew 135136% on revenue, returned to profit, cash halved-plus
approved 2014-05-24; registry 2014-09-04; journal 2014 772809
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 67NORTH AS. Revenue 234 NOK → 316.5k NOK (+135136.3%). Net result -336.4k NOK → +316.5k NOK. Equity 227.3k NOK → 157.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 67NORTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 234 NOK to 316.5k NOK (+135136.3% YoY). Calculated
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↑
Operating result improved
Operating result -336.4k NOK → -69.0k NOK (op. margin -143746.2% → -21.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 336.4k NOK to a profit of 316.5k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 227.3k NOK → 157.6k NOK (equity ratio 94.0% → 36.5%). Calculated
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↓
Cash fell
Bank deposits 49.0k NOK → 9 236 NOK (-81.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.39× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 7 800 NOK → 88.1k NOK (+1029.7% YoY). Calculated