ABEL DIGITAL SECURITY AS: årsregnskap 2013 vs 2012
Grew 7% on revenue, stronger earnings, cash halved-plus
approved 2014-06-13; registry 2014-08-02; journal 2014 620715
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABEL DIGITAL SECURITY AS. Revenue 2.29m NOK → 2.46m NOK (+7.3%). Net result +108.1k NOK → +314.0k NOK. Equity 856.4k NOK → 542.4k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.29m NOK to 2.46m NOK (+7.3% YoY). Calculated
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↑
Net result improved
Net result +108.1k NOK → +314.0k NOK (net margin 4.7% → 12.8%). Calculated
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↑
Payroll decreased
Salary cost 4.86m NOK → 20.2k NOK (212% → 1% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 856.4k NOK → 542.4k NOK (equity ratio 45.0% → 74.9%). Calculated
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↓
Cash fell
Bank deposits 680.1k NOK → 176.6k NOK (-74.0% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 539.9k NOK → 762.5k NOK (+41.2% YoY). Calculated