ABL NORWAY AS: årsregnskap 2013 vs 2012
Grew 41% on revenue, stronger earnings, fresh owner capital
approved 2014-06-30; registry 2014-09-29; journal 2014 858025
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABL NORWAY AS. Revenue 27.03m NOK → 38.21m NOK (+41.4%). Net result +331.1k NOK → +556.7k NOK. Equity 4.82m NOK → 5.38m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABL NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 27.03m NOK to 38.21m NOK (+41.4% YoY). Calculated
-
↑
Operating result improved
Operating result +337.3k NOK → +910.7k NOK (op. margin 1.2% → 2.4%). Calculated
-
↑
Net result improved
Net result +331.1k NOK → +556.7k NOK (net margin 1.2% → 1.5%). Calculated
-
↑
Equity strengthened
Book equity 4.82m NOK → 5.38m NOK (equity ratio 37.8% → 27.5%). Calculated
-
↑
Cash rose
Bank deposits 1.35m NOK → 1.74m NOK (+28.6% YoY). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 1.60× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 13.83m NOK → 19.44m NOK (51% → 51% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 8.89m NOK → 14.33m NOK (+61.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 0 NOK → 150.0k NOK. Reported fact