MEDISTIM ASA: årsregnskap 2013 vs 2012
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2014-04-23; registry 2014-05-20; journal 2014 409355
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for MEDISTIM ASA. Revenue 183.75m NOK → 191.0k NOK (-99.9%). Net result +20.16m NOK → +24.80m NOK. Equity 93.28m NOK → 102.79m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for MEDISTIM ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1 000 NOK → +23.31m NOK (op. margin 0.0% → 12205.5%). Calculated
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Net result improved
Net result +20.16m NOK → +24.80m NOK (net margin 11.0% → 12985.7%). Calculated
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Equity strengthened
Book equity 93.28m NOK → 102.79m NOK (equity ratio 68.9% → 69148.3%). Calculated
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Owners injected capital
Paid-in equity rose 93.28m NOK → 102.79m NOK (+9.52m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 183.75m NOK to 191.0k NOK (-99.9% YoY). Calculated
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Cash fell
Bank deposits 11.11m NOK → 3.23m NOK (-70.9% YoY). Calculated
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COGS moved
COGS / varekostnad 13.45m NOK → 16.27m NOK (+21.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.11m NOK → 3.23m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation