ACTIC NORGE AS: årsregnskap 2013 vs 2012
Grew 781% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ACTIC NORGE AS. Revenue 129.50m NOK → 1.14bn NOK (+781.3%). Net result +11.09m NOK → +8.37m NOK. Equity 30.59m NOK → 38.96m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACTIC NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 129.50m NOK to 1.14bn NOK (+781.3% YoY). Calculated
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Equity strengthened
Book equity 30.59m NOK → 38.96m NOK (equity ratio 49.2% → 50.7%). Calculated
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Cash rose
Bank deposits 12.59m NOK → 28.93m NOK (+129.8% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.72× → 1.15×. Calculated
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Payroll decreased
Salary cost 37.47m NOK → -41.08m NOK (29% → -4% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +15.85m NOK → +12.43m NOK (op. margin 12.2% → 1.1%). Calculated
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↓
Net result weakened
Net result +11.09m NOK → +8.37m NOK (net margin 8.6% → 0.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 49.7k NOK → -221.1k NOK (-544.9% YoY). Calculated