AIR-TECH AS: årsregnskap 2013 vs 2012
Grew 48% on revenue
approved 2014-05-14; registry 2014-09-06; journal 2014 783227
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIR-TECH AS. Revenue 2.55m NOK → 3.76m NOK (+47.6%). Equity 235.9k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.55m NOK to 3.76m NOK (+47.6% YoY). Calculated
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↑
Operating result improved
Operating result +180.7k NOK → +450.9k NOK (op. margin 7.1% → 12.0%). Calculated
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↑
Cash rose
Bank deposits 285.6k NOK → 893.9k NOK (+213.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 235.9k NOK → 100.0k NOK (equity ratio 25.3% → 20.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 452.4k NOK → 1.60m NOK (18% → 42% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 370.9k NOK → 297.0k NOK (-19.9% YoY). Calculated