A. HOKHOLT ARKITEKTER AS: årsregnskap 2013 vs 2012
Shrank 70% on revenue, stronger earnings, cash halved-plus
approved 2014-09-22; registry 2014-11-22; journal 2014 875038
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A. HOKHOLT ARKITEKTER AS. Revenue 850.4k NOK → 254.8k NOK (-70.0%). Net result -642.6k NOK → -337.5k NOK. Equity -415.3k NOK → -752.9k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A. HOKHOLT ARKITEKTER AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -642.6k NOK → -337.5k NOK (net margin -75.6% → -132.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 850.4k NOK to 254.8k NOK (-70.0% YoY). Calculated
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↓
Equity eroded
Book equity -415.3k NOK → -752.9k NOK (equity ratio -15.0% → -34.5%). Calculated
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↓
Cash fell
Bank deposits 425.0k NOK → 40.3k NOK (-90.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 836.7k NOK → 1.85m NOK (98% → 728% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 125.6k NOK → 57.4k NOK (-54.3% YoY). Calculated