ADVANTEK ENGINEERING AS: årsregnskap 2013 vs 2012
Grew 486% on revenue, weaker earnings
approved 2014-03-28; registry 2014-04-07; journal 2014 346703
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVANTEK ENGINEERING AS. Revenue 2.22m NOK → 13.00m NOK (+486.0%). Net result +345.58m NOK → +277.5k NOK. Equity 160.8k NOK → 675.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVANTEK ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.22m NOK to 13.00m NOK (+486.0% YoY). Calculated
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↑
Equity strengthened
Book equity 160.8k NOK → 675.7k NOK (equity ratio 66.1% → 10.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +481.4k NOK → +166.5k NOK (op. margin 21.7% → 1.3%). Calculated
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↓
Net result weakened
Net result +345.58m NOK → +277.5k NOK (net margin 15579.4% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 323.1k NOK → 298.2k NOK (-7.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.31m NOK → 9.01m NOK (59% → 69% of revenue). Calculated