FirmaIQ
Org.nr 991 386 092 2012 → 2013 Year-over-year analysis

7N NORGE AS: årsregnskap 2013 vs 2012

Grew 19% on revenue, stronger earnings

approved 2014-01-31; registry 2014-04-02; journal 2014 337386

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 7N NORGE AS. Revenue 28.36m NOK → 33.78m NOK (+19.1%). Net result +221.8k NOK → +432.8k NOK. Equity 815.3k NOK → 248.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 7N NORGE AS.

At a glance

Scorecard

Revenue
28.36m NOK 33.78m NOK
+19.1%
Operating result
+394.5k NOK +697.0k NOK
+76.7%
Net result
+221.8k NOK +432.8k NOK
+95.1%
Equity
815.3k NOK 248.1k NOK
-69.6%
Cash
1.82m NOK 2.66m NOK
+46.3%
Total assets
7.62m NOK 7.95m NOK
+4.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 28.36m NOK to 33.78m NOK (+19.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +394.5k NOK → +697.0k NOK (op. margin 1.4% → 2.1%). Calculated

  • ↑

    Net result improved

    Net result +221.8k NOK → +432.8k NOK (net margin 0.8% → 1.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.82m NOK → 2.66m NOK (+46.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.27× → 1.17×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 815.3k NOK → 248.1k NOK (equity ratio 10.7% → 3.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 21.07m NOK → 27.73m NOK (+31.6% YoY). Calculated