GOODTECH ASA: årsregnskap 2013 vs 2012
Grew 14% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for GOODTECH ASA. Revenue 17.3k NOK → 19.7k NOK (+14.1%). Net result +28.9k NOK → +41.5k NOK. Equity 603.7k NOK → 590.0k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.3k NOK to 19.7k NOK (+14.1% YoY). Calculated
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↑
Net result improved
Net result +28.9k NOK → +41.5k NOK (net margin 166.8% → 210.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.88× → 1.13×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +42.3k NOK → +19.5k NOK (op. margin 244.1% → 98.8%). Calculated
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↓
Equity eroded
Book equity 603.7k NOK → 590.0k NOK (equity ratio 84.5% → 38.4%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 600.3k NOK → 590.0k NOK — check capital reduction, conversion, or reclassification. Interpretation