ECOTEQ ENERGY ASA: årsregnskap 2013 vs 2012
Stronger earnings, cash halved-plus
approved 2014-12-29; registry 2015-02-16; journal 2015 305393
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ECOTEQ ENERGY ASA. Revenue 6.03m NOK → 6.01m NOK (-0.2%). Net result -81.16m NOK → -33.29m NOK. Equity 86.45m NOK → 26.88m NOK.
On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -81.16m NOK → -33.29m NOK (net margin -1346.9% → -553.4%). Calculated
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Owners injected capital
Paid-in equity rose 86.45m NOK → 86.45m NOK (+1 265 NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 6.03m NOK to 6.01m NOK (-0.2% YoY). Calculated
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Equity eroded
Book equity 86.45m NOK → 26.88m NOK (equity ratio 65.0% → 28.7%). Calculated
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Cash fell
Bank deposits 910.6k NOK → 203.0k NOK (-77.7% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 21.28m NOK → 18.45m NOK (-13.3% YoY). Calculated