AD NAVIGATION AS: årsregnskap 2013 vs 2012
Shrank 29% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AD NAVIGATION AS. Revenue 8.44m NOK → 6.00m NOK (-28.9%). Net result +2.48m NOK → -541.9k NOK. Equity 2.30m NOK → 1.76m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD NAVIGATION AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.44m NOK to 6.00m NOK (-28.9% YoY). Calculated
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Operating result weakened
Operating result +3 703 NOK → -593.9k NOK (op. margin 0.0% → -9.9%). Calculated
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Fell into a net loss
Net result flipped from 2.48m NOK profit to a loss of 541.9k NOK. Calculated
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Equity eroded
Book equity 2.30m NOK → 1.76m NOK (equity ratio 23.2% → 306.7%). Calculated
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Payroll up without matching revenue
Salary cost 1.69m NOK → 2.03m NOK (20% → 34% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 5.08m NOK → 4.08m NOK (-19.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 329.9k NOK → 245.9k NOK. Reported fact