A1 SECURITY AS: årsregnskap 2013 vs 2012
Grew 11% on revenue, stronger earnings
approved 2014-08-28; registry 2014-09-06; journal 2014 791805
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A1 SECURITY AS. Revenue 5.50m NOK → 6.13m NOK (+11.5%). Net result +37.9k NOK → +297.6k NOK. Equity -394.4k NOK → -592.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for A1 SECURITY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.50m NOK to 6.13m NOK (+11.5% YoY). Calculated
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Operating result improved
Operating result +10.2k NOK → +337.5k NOK (op. margin 0.2% → 5.5%). Calculated
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Net result improved
Net result +37.9k NOK → +297.6k NOK (net margin 0.7% → 4.9%). Calculated
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Cash rose
Bank deposits 136.8k NOK → 290.1k NOK (+112.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.54m NOK → 2 NOK (46% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -394.4k NOK → -592.0k NOK (equity ratio -32.8% → -135.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -135.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 370.4k NOK → 848.4k NOK (+129.0% YoY). Calculated