A HILLESTAD AS: årsregnskap 2013 vs 2012
Shrank 81% on revenue, stronger earnings
approved 2014-06-18; registry 2014-06-28; journal 2014 519977
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A HILLESTAD AS. Revenue 403.0k NOK → 75.0k NOK (-81.4%). Net result +2 012 NOK → +209.6k NOK. Equity 5.07m NOK → 3.78m NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for A HILLESTAD AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +2 012 NOK → +209.6k NOK (net margin 0.5% → 279.5%). Calculated
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↑
Cash rose
Bank deposits 383.0k NOK → 849.3k NOK (+121.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 373.8k NOK → 36.9k NOK (93% → 49% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 403.0k NOK to 75.0k NOK (-81.4% YoY). Calculated
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↓
Equity eroded
Book equity 5.07m NOK → 3.78m NOK (equity ratio 95.7% → 98.3%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 4.44m NOK → 2.94m NOK — check capital reduction, conversion, or reclassification. Interpretation