ABK RØRSERVICE AS: årsregnskap 2013 vs 2012
Shrank 11% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABK RØRSERVICE AS. Revenue 11.77m NOK → 10.48m NOK (-11.0%). Net result +491.8k NOK → +226.2k NOK. Equity 2.29m NOK → 2.32m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABK RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.29m NOK → 2.32m NOK (equity ratio 52.1% → 56.9%). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 1.43m NOK (None YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.79×. Calculated
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↑
Payroll decreased
Salary cost 4.91m NOK → 4 NOK (42% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.77m NOK to 10.48m NOK (-11.0% YoY). Calculated
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↓
Operating result weakened
Operating result +682.5k NOK → +303.4k NOK (op. margin 5.8% → 2.9%). Calculated
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↓
Net result weakened
Net result +491.8k NOK → +226.2k NOK (net margin 4.2% → 2.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.67m NOK → 4.02m NOK (-13.9% YoY). Calculated