FirmaIQ
Org.nr 988 635 766 2012 → 2013 Year-over-year analysis

AH DRILLING CONSULTANCY AS: årsregnskap 2013 vs 2012

Grew 16% on revenue, cash halved-plus

approved 2014-05-26; registry 2014-06-11; journal 2014 447496

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AH DRILLING CONSULTANCY AS. Revenue 3.22m NOK → 3.73m NOK (+16.0%). Equity 6.22m NOK → 7.13m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AH DRILLING CONSULTANCY AS.

At a glance

Scorecard

Revenue
3.22m NOK 3.73m NOK
+16.0%
Equity
6.22m NOK 7.13m NOK
+14.6%
Cash
4.74m NOK 1.65m NOK
-65.2%
Total assets
7.17m NOK 8.31m NOK
+15.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.22m NOK to 3.73m NOK (+16.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 6.22m NOK → 7.13m NOK (equity ratio 86.8% → 85.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 10.83m NOK → 10.76m NOK (336% → 288% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 4.74m NOK → 1.65m NOK (-65.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.74m NOK → 1.65m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 873.7k NOK → 1.40m NOK. Reported fact