BOHUS ASA: årsregnskap 2013 vs 2012
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2014-05-08; registry 2014-08-21; journal 2014 691286
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for BOHUS ASA. Revenue 106.83m NOK → 116.22m NOK (+8.8%). Net result +2.65m NOK → +5.73m NOK. Equity 131.34m NOK → 137 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for BOHUS ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 106.83m NOK to 116.22m NOK (+8.8% YoY). Calculated
-
↑
Net result improved
Net result +2.65m NOK → +5.73m NOK (net margin 2.5% → 4.9%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 131.34m NOK → 137 NOK (equity ratio 68.3% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 5.66m NOK → 230.5k NOK (-95.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.66m NOK → 230.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 29.50m NOK → 30.22m NOK (28% → 26% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 3.63m NOK → 3.59m NOK (-0.9% YoY). Calculated