GENTIAN DIAGNOSTICS ASA: årsregnskap 2013 vs 2012
Grew 47% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for GENTIAN DIAGNOSTICS ASA. Revenue 9.33m NOK → 13.73m NOK (+47.2%). Net result +1.21m NOK → +762.5k NOK. Equity 3.46m NOK → 6.62m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for GENTIAN DIAGNOSTICS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.33m NOK to 13.73m NOK (+47.2% YoY). Calculated
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Operating result improved
Operating result +174.5k NOK → +958.8k NOK (op. margin 1.9% → 7.0%). Calculated
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Equity strengthened
Book equity 3.46m NOK → 6.62m NOK (equity ratio 27.7% → 35.6%). Calculated
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Cash rose
Bank deposits 1.35m NOK → 1.74m NOK (+28.6% YoY). Calculated
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Owners injected capital
Paid-in equity rose 446.7k NOK → 847.1k NOK (+400.4k NOK). Reported fact
What deteriorated
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Net result weakened
Net result +1.21m NOK → +762.5k NOK (net margin 12.9% → 5.6%). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 23.8k NOK → 48.9k NOK (+105.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 6.59m NOK → 10.75m NOK. Reported fact