FirmaIQ
Org.nr 983 361 161 2012 → 2013 Year-over-year analysis

ADVANCED MACHINE COMPANY AS: årsregnskap 2013 vs 2012

Shrank 15% on revenue, weaker earnings, cash halved-plus

approved 2014-03-12; registry 2014-04-22; journal 2014 360552

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVANCED MACHINE COMPANY AS. Revenue 28.78m NOK → 24.41m NOK (-15.2%). Net result +6.43m NOK → +3.08m NOK. Equity 2.37m NOK → 5.46m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
28.78m NOK 24.41m NOK
-15.2%
Operating result
+8.45m NOK +4.08m NOK
-51.7%
Net result
+6.43m NOK +3.08m NOK
-52.1%
Equity
2.37m NOK 5.46m NOK
+129.8%
Cash
18.13m NOK 7.53m NOK
-58.4%
Total assets
23.74m NOK 10.69m NOK
-54.9%

What improved

  • ↑

    Equity strengthened

    Book equity 2.37m NOK → 5.46m NOK (equity ratio 10.0% → 51.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.39m NOK → 7.09m NOK (26% → 29% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 28.78m NOK to 24.41m NOK (-15.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8.45m NOK → +4.08m NOK (op. margin 29.4% → 16.7%). Calculated

  • ↓

    Net result weakened

    Net result +6.43m NOK → +3.08m NOK (net margin 22.3% → 12.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 18.13m NOK → 7.53m NOK (-58.4% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 10.40m NOK → 10.80m NOK (+3.9% YoY). Calculated