ABACUS IT AS: årsregnskap 2013 vs 2012
Grew 13% on revenue, weaker earnings
approved 2014-04-29; registry 2014-10-20; journal 2014 867386
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABACUS IT AS. Revenue 14.46m NOK → 16.29m NOK (+12.7%). Net result +685.7k NOK → +795 NOK. Equity 702.6k NOK → 1.10m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACUS IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.46m NOK to 16.29m NOK (+12.7% YoY). Calculated
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↑
Operating result improved
Operating result +22.3k NOK → +1.14m NOK (op. margin 0.2% → 7.0%). Calculated
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↑
Equity strengthened
Book equity 702.6k NOK → 1.10m NOK (equity ratio 15.0% → 14.6%). Calculated
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↑
Cash rose
Bank deposits 453.5k NOK → 842.9k NOK (+85.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +685.7k NOK → +795 NOK (net margin 4.7% → 0.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 7.89m NOK → 8.15m NOK (55% → 50% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 4.70m NOK → 4.64m NOK (-1.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 2.53m NOK. Reported fact