AIRFLOW FILTER AS: årsregnskap 2013 vs 2012
Shrank 25% on revenue, weaker earnings, cash halved-plus
approved 2014-06-01; registry 2014-09-13; journal 2014 832830
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIRFLOW FILTER AS. Revenue 5.17m NOK → 3.88m NOK (-25.0%). Net result +210.0k NOK → +33.2k NOK. Equity 47.3k NOK → 80.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 47.3k NOK → 80.1k NOK (equity ratio 19.4% → 28.5%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.20× → 1.40×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.17m NOK to 3.88m NOK (-25.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +286.6k NOK → -13.3k NOK (op. margin 5.5% → -0.3%). Calculated
-
↓
Net result weakened
Net result +210.0k NOK → +33.2k NOK (net margin 4.1% → 0.9%). Calculated
-
↓
Cash fell
Bank deposits 114.5k NOK → 44.1k NOK (-61.5% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 5 644 NOK → 4.56m NOK (0% → 118% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 3.59m NOK → 3.01m NOK (-16.3% YoY). Calculated