7 FJELL AS: årsregnskap 2013 vs 2012
Grew 6% on revenue, weaker earnings, cash halved-plus
approved 2014-01-29; registry 2014-02-04; journal 2014 302909
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 7 FJELL AS. Revenue 684.0k NOK → 727.1k NOK (+6.3%). Net result +302.8k NOK → +111.8k NOK. Equity 592.5k NOK → 704.3k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 FJELL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 684.0k NOK to 727.1k NOK (+6.3% YoY). Calculated
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↑
Equity strengthened
Book equity 592.5k NOK → 704.3k NOK (equity ratio 82.8% → 383.5%). Calculated
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↑
Payroll decreased
Salary cost 22.1k NOK → 15.3k NOK (3% → 2% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +302.8k NOK → +111.8k NOK (net margin 44.3% → 15.4%). Calculated
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↓
Cash fell
Bank deposits 178.7k NOK → 2 964 NOK (-98.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 208.8k NOK → 182.8k NOK (-12.5% YoY). Calculated