HAVILA SHIPPING ASA: årsregnskap 2013 vs 2012
Grew 97769% on revenue, stronger earnings, cash halved-plus
approved 2014-04-07; registry 2014-07-16; journal 2014 582520
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for HAVILA SHIPPING ASA. Revenue 474.1k NOK → 463.99m NOK (+97769.2%). Net result +208.0k NOK → +13.48m NOK. Equity 1.24bn NOK → 1.20bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 474.1k NOK to 463.99m NOK (+97769.2% YoY). Calculated
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Operating result improved
Operating result +2.88m NOK → +511.39m NOK (op. margin 607.5% → 110.2%). Calculated
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Net result improved
Net result +208.0k NOK → +13.48m NOK (net margin 43.9% → 2.9%). Calculated
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Owners injected capital
Paid-in equity rose 711.7k NOK → 721.6k NOK (+9 866 NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 1.24bn NOK → 1.20bn NOK (equity ratio 34.0% → 39.1%). Calculated
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Cash fell
Bank deposits 134.18m NOK → 180.3k NOK (-99.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (134.18m NOK → 180.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 19.28m NOK → 19.17m NOK (-0.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 381.0k NOK → 403 NOK. Reported fact