AKADEMIET VGS BISLETT AS: årsregnskap 2013 vs 2012
Grew 13% on revenue, stronger earnings
approved 2014-04-02; registry 2014-07-30; journal 2014 615163
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AKADEMIET VGS BISLETT AS. Revenue 22.26m NOK → 25.09m NOK (+12.7%). Net result +90.6k NOK → +754.2k NOK. Equity -4.64m NOK → -3.73m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AKADEMIET VGS BISLETT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.26m NOK to 25.09m NOK (+12.7% YoY). Calculated
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Operating result improved
Operating result -33.5k NOK → +911.2k NOK (op. margin -0.2% → 3.6%). Calculated
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Net result improved
Net result +90.6k NOK → +754.2k NOK (net margin 0.4% → 3.0%). Calculated
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Equity strengthened
Book equity -4.64m NOK → -3.73m NOK (equity ratio -67.1% → -103.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 950.6k NOK → 885.2k NOK (-6.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -103.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 233.7k NOK → 453.1k NOK (+93.9% YoY). Calculated