FirmaIQ
Org.nr 912 493 865 2012 → 2013 Year-over-year analysis

A. OLUFSEN SHIP & OFFSHORE AS: årsregnskap 2013 vs 2012

Shrank 16% on revenue

approved 2014-05-26; registry 2014-08-16; journal 2014 664021

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for A. OLUFSEN SHIP & OFFSHORE AS. Revenue 76.75m NOK → 64.12m NOK (-16.5%). Equity 24.56m NOK → 2.17m NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A. OLUFSEN SHIP & OFFSHORE AS.

At a glance

Scorecard

Revenue
76.75m NOK 64.12m NOK
-16.5%
Equity
24.56m NOK 2.17m NOK
-91.2%
Cash
0 NOK 0 NOK
0.0%
Total assets
45.23m NOK 37.34m NOK
-17.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 76.75m NOK to 64.12m NOK (-16.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 24.56m NOK → 2.17m NOK (equity ratio 54.3% → 5.8%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 33.83m NOK → 34.89m NOK (44% → 54% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 200.0k NOK → 40.3k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 24.31m NOK → 16.12m NOK (-33.7% YoY). Calculated