ADD ENERGY GROUP AS: årsregnskap 2013 vs 2012
Shrank 7% on revenue, weaker earnings, fresh owner capital
approved 2014-05-15; registry 2014-06-25; journal 2014 503126
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADD ENERGY GROUP AS. Revenue 9.47m NOK → 8.79m NOK (-7.2%). Net result -828.0k NOK → -4.90m NOK. Equity 283.7k NOK → 282.97m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 283.7k NOK → 282.97m NOK (equity ratio 0.1% → 63329.3%). Calculated
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↑
Cash rose
Bank deposits 338.0k NOK → 23.65m NOK (+6898.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 283.1k NOK → 282.97m NOK (+282.69m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.47m NOK to 8.79m NOK (-7.2% YoY). Calculated
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↓
Operating result weakened
Operating result +22.72m NOK → +6.71m NOK (op. margin 239.8% → 76.3%). Calculated
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↓
Net result weakened
Net result -828.0k NOK → -4.90m NOK (net margin -8.7% → -55.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 25.18m NOK → 25.19m NOK (266% → 286% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 2.53m NOK → 2.98m NOK (+17.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 420.1k NOK → 429.6k NOK. Reported fact