ACO NORWAY AS: årsregnskap 2013 vs 2012
Grew 14% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACO NORWAY AS. Revenue 108.61m NOK → 124.16m NOK (+14.3%). Net result -520.7k NOK → +649.5k NOK. Equity 19.91m NOK → 16.39m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ACO NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 108.61m NOK to 124.16m NOK (+14.3% YoY). Calculated
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↑
Operating result improved
Operating result -494.7k NOK → +359.1k NOK (op. margin -0.5% → 0.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 520.7k NOK to a profit of 649.5k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 19.91m NOK → 16.39m NOK (equity ratio 46.6% → 37.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 9.74m NOK → 11.42m NOK (9% → 9% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 121.7k NOK. Reported fact