A M HANSEN MASKINERING AS: årsregnskap 2013 vs 2012
Grew 23% on revenue, stronger earnings
approved 2014-05-12; registry 2014-05-17; journal 2014 402134
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A M HANSEN MASKINERING AS. Revenue 5.31m NOK → 6.53m NOK (+23.1%). Net result +288.4k NOK → +643.5k NOK. Equity 856.3k NOK → 75.5k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A M HANSEN MASKINERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.31m NOK to 6.53m NOK (+23.1% YoY). Calculated
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Net result improved
Net result +288.4k NOK → +643.5k NOK (net margin 5.4% → 9.9%). Calculated
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↑
Cash rose
Bank deposits 594.7k NOK → 852.9k NOK (+43.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 856.3k NOK → 75.5k NOK (equity ratio 46.7% → 2.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 1.91m NOK → 2.14m NOK (+12.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 6 390 NOK → 31.7k NOK. Reported fact