Org.nr 853 040 592 2012 → 2013 Year-over-year analysis

AIRCOIL AS: årsregnskap 2013 vs 2012

Mixed movements in the accounts

approved 2014-04-10; registry 2014-05-17; journal 2014 400629

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AIRCOIL AS. Revenue 21.31m NOK → 21.04m NOK (-1.3%). Equity 272.8k NOK → 3.45m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

21.31m NOK 21.04m NOK

-1.3%

Operating result

+2.09m NOK +1.69m NOK

-19.1%

Equity

272.8k NOK 3.45m NOK

+1166.3%

Cash

1.01m NOK 967.7k NOK

-4.4%

Total assets

5.42m NOK 4.96m NOK

-8.5%

↑
Equity strengthened

Book equity 272.8k NOK → 3.45m NOK (equity ratio 5.0% → 69.6%). Calculated

↓
Revenue fell

Operating income / revenue moved from 21.31m NOK to 21.04m NOK (-1.3% YoY). Calculated
↓
Operating result weakened

Operating result +2.09m NOK → +1.69m NOK (op. margin 9.8% → 8.0%). Calculated
↓
Cash fell

Bank deposits 1.01m NOK → 967.7k NOK (-4.4% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 2.91m NOK → 3.01m NOK (14% → 14% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 15.61m NOK → 15.62m NOK (+0.1% YoY). Calculated