A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2013 vs 2012
Shrank 6% on revenue, slipped into loss
approved 2014-06-30; registry 2014-07-22; journal 2014 598109
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 9.96m NOK → 9.34m NOK (-6.2%). Net result +125.9k NOK → -160.9k NOK. Equity 12.9k NOK → -148.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 4.60m NOK → 4.59m NOK (46% → 49% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.96m NOK to 9.34m NOK (-6.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 125.9k NOK profit to a loss of 160.9k NOK. Calculated
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↓
Equity eroded
Book equity 12.9k NOK → -148.0k NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.45m NOK → 2.28m NOK (-7.3% YoY). Calculated