A HELGESEN EIENDOM AS: årsregnskap 2013 vs 2012
Stronger earnings, cash halved-plus
approved 2014-06-30; registry 2014-09-06; journal 2014 787935
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A HELGESEN EIENDOM AS. Revenue 1.39m NOK → 1.45m NOK (+4.3%). Net result +169.1k NOK → +220.9k NOK. Equity 4.90m NOK → 4.47m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for A HELGESEN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.39m NOK to 1.45m NOK (+4.3% YoY). Calculated
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↑
Net result improved
Net result +169.1k NOK → +220.9k NOK (net margin 12.2% → 15.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +235.0k NOK → +230.1k NOK (op. margin 16.9% → 15.9%). Calculated
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↓
Equity eroded
Book equity 4.90m NOK → 4.47m NOK (equity ratio 71.8% → 68.6%). Calculated
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↓
Cash fell
Bank deposits 323.1k NOK → 158.6k NOK (-50.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 562.2k NOK → 649.7k NOK (41% → 45% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 150.5k NOK → 55.6k NOK. Reported fact