7WAVES AS: årsregnskap 2013 vs 2012
Grew 301% on revenue, cash halved-plus, fresh owner capital
approved 2014-02-28; registry 2014-03-24; journal 2014 327191
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 7WAVES AS. Revenue 2.80m NOK → 11.23m NOK (+300.7%). Equity 9.46m NOK → 456.5k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 7WAVES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.80m NOK to 11.23m NOK (+300.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 120 NOK → 120.0k NOK (+119.9k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 9.46m NOK → 456.5k NOK (equity ratio 379.7% → 7.5%). Calculated
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↓
Cash fell
Bank deposits 912.6k NOK → 193.5k NOK (-78.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.58m NOK → 3.68m NOK (56% → 33% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6 364 NOK → 2.94m NOK (+46144.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 132.0k NOK → 134 NOK. Reported fact