A/S Skog: årsregnskap 2013 vs 2012
Shrank 9% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A/S Skog. Revenue 531.4k NOK → 483.0k NOK (-9.1%). Net result +91.0k NOK → +67.9k NOK. Equity 79.7k NOK → 1.15m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S Skog.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 79.7k NOK → 1.15m NOK (equity ratio 6.9% → 315.7%). Calculated
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↑
Cash rose
Bank deposits 47.8k NOK → 373.9k NOK (+682.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 131.0k NOK → 124.3k NOK (25% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 531.4k NOK to 483.0k NOK (-9.1% YoY). Calculated
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↓
Operating result weakened
Operating result +51.1k NOK → +45.9k NOK (op. margin 9.6% → 9.5%). Calculated
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↓
Net result weakened
Net result +91.0k NOK → +67.9k NOK (net margin 17.1% → 14.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 31.8k NOK → 0 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 35.1k NOK → 41.2k NOK. Reported fact