AIR LIQUIDE NORWAY AS: årsregnskap 2013 vs 2012
Shrank 16% on revenue
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIR LIQUIDE NORWAY AS. Revenue 168.04m NOK → 141.76m NOK (-15.6%). Equity 32.81m NOK → 33.93m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
168.04m NOK
141.76m NOK
-15.6%
Operating result
+27.27m NOK
+23.76m NOK
-12.9%
Net result
+17.44m NOK
n/m
—
Equity
32.81m NOK
33.93m NOK
+3.4%
Cash
n/m
5.93m NOK
—
Total assets
173.45m NOK
187.91m NOK
+8.3%
What improved
-
↑
Equity strengthened
Book equity 32.81m NOK → 33.93m NOK (equity ratio 18.9% → 18.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 168.04m NOK to 141.76m NOK (-15.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +27.27m NOK → +23.76m NOK (op. margin 16.2% → 16.8%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 19.90m NOK → 22.13m NOK (12% → 16% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 43.43m NOK → 48.76m NOK (+12.3% YoY). Calculated