7 STEEL SERVICE NORWAY AS: årsregnskap 2013 vs 2012
Mixed movements in the accounts
approved 2014-04-02; registry 2014-05-03; journal 2014 376766
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 7 STEEL SERVICE NORWAY AS. Revenue 691.15m NOK → 677.08m NOK (-2.0%). Equity 72.19m NOK → 49.18m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 3.36m NOK → 3.99m NOK (+18.8% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 691.15m NOK to 677.08m NOK (-2.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +27.68m NOK → +1.58m NOK (op. margin 4.0% → 0.2%). Calculated
-
↓
Equity eroded
Book equity 72.19m NOK → 49.18m NOK (equity ratio 27.3% → 23.1%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 80.30m NOK → 84.30m NOK (12% → 12% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 470.45m NOK → 466.97m NOK (-0.7% YoY). Calculated