A-GAVE AS: årsregnskap 2013 vs 2012
Grew 18% on revenue, cash halved-plus
approved 2014-03-27; registry 2014-04-01; journal 2014 335654
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A-GAVE AS. Revenue 9.59m NOK → 11.33m NOK (+18.1%). Net result +866.0k NOK → +819.4k NOK. Equity 1 171 NOK → 1.59m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A-GAVE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.59m NOK to 11.33m NOK (+18.1% YoY). Calculated
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↑
Equity strengthened
Book equity 1 171 NOK → 1.59m NOK (equity ratio 0.0% → 42.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.20m NOK → +1.15m NOK (op. margin 12.5% → 10.2%). Calculated
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↓
Net result weakened
Net result +866.0k NOK → +819.4k NOK (net margin 9.0% → 7.2%). Calculated
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↓
Cash fell
Bank deposits 857.0k NOK → 243.3k NOK (-71.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.67× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 171 NOK → 3.40m NOK (0% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6.41m NOK → 7.91m NOK (+23.2% YoY). Calculated