AHLSELL NORGE AS: årsregnskap 2013 vs 2012
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AHLSELL NORGE AS. Revenue 4.14bn NOK → 3.99bn NOK (-3.6%). Net result +42.99m NOK → +52.65m NOK. Equity 407.59m NOK → 318.90m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AHLSELL NORGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +121.48m NOK → +156.68m NOK (op. margin 2.9% → 3.9%). Calculated
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Net result improved
Net result +42.99m NOK → +52.65m NOK (net margin 1.0% → 1.3%). Calculated
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Cash rose
Bank deposits 17 NOK → 53.36m NOK (+313908035.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.14bn NOK to 3.99bn NOK (-3.6% YoY). Calculated
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Equity eroded
Book equity 407.59m NOK → 318.90m NOK (equity ratio 18.7% → 10.3%). Calculated
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Current ratio dropped below 1×
Current ratio 1.47× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 512.21m NOK → 5.53bn NOK (12% → 139% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.92bn NOK → 2.90bn NOK (-0.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 51.0k NOK → 88.0k NOK. Reported fact