AEBI SCHMIDT NORGE AS: årsregnskap 2013 vs 2012
Grew 7% on revenue, cash halved-plus
approved 2014-04-22; registry 2014-06-14; journal 2014 457745
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AEBI SCHMIDT NORGE AS. Revenue 43.10m NOK → 46.08m NOK (+6.9%). Equity 9.93m NOK → 9.25m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AEBI SCHMIDT NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 43.10m NOK to 46.08m NOK (+6.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +7.74m NOK → +6.28m NOK (op. margin 18.0% → 13.6%). Calculated
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↓
Equity eroded
Book equity 9.93m NOK → 9.25m NOK (equity ratio 41.6% → 40.4%). Calculated
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↓
Cash fell
Bank deposits 15.99m NOK → 5.50m NOK (-65.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.64× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (15.99m NOK → 5.50m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 24.43m NOK → 29.13m NOK (+19.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.1k NOK → 9 NOK. Reported fact