A. HØVIK EIENDOM AS: årsregnskap 2013 vs 2012
Grew 11% on revenue
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A. HØVIK EIENDOM AS. Revenue 9.04m NOK → 10.07m NOK (+11.4%). Equity 13.64m NOK → 10.14m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.04m NOK to 10.07m NOK (+11.4% YoY). Calculated
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↑
Cash rose
Bank deposits 1.18m NOK → 4.00m NOK (+238.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 1.76×. Calculated
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↑
Payroll decreased
Salary cost 1.85m NOK → 1.81m NOK (20% → 18% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 13.64m NOK → 10.14m NOK (equity ratio 20.8% → 15.3%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 10.63m NOK → 9.14m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 47.6k NOK → 284.3k NOK (+497.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.40m NOK → 1.36m NOK. Reported fact