7SENSE GROUP AS: årsregnskap 2013 vs 2012
Grew 150237% on revenue, weaker earnings
approved 2013-12-31; registry 2014-08-30; journal 2014 738358
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 7SENSE GROUP AS. Revenue 4 498 NOK → 6.76m NOK (+150236.7%). Net result +554.9k NOK → +421.5k NOK. Equity 859.4k NOK → 409.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for 7SENSE GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 498 NOK to 6.76m NOK (+150236.7% YoY). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 909.8k NOK (None YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.82×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +833.3k NOK → +503.8k NOK (op. margin 18527.0% → 7.5%). Calculated
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↓
Net result weakened
Net result +554.9k NOK → +421.5k NOK (net margin 12336.4% → 6.2%). Calculated
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↓
Equity eroded
Book equity 859.4k NOK → 409.9k NOK (equity ratio 41.2% → 13.7%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 311.0k NOK → 440 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1 847 NOK → 5.08m NOK (41% → 75% of revenue). Calculated
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COGS fell
COGS / varekostnad 346.0k NOK → 190.5k NOK (-45.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 120.0k NOK. Reported fact