NORBIT ASA: årsregnskap 2013 vs 2012
Grew 1238% on revenue, stronger earnings, cash halved-plus
approved 2014-04-09; registry 2014-09-08; journal 2014 774045
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for NORBIT ASA. Revenue 671.4k NOK → 8.98m NOK (+1238.3%). Net result +6.61m NOK → +19.29m NOK. Equity 35.52m NOK → 38.35m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for NORBIT ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 671.4k NOK to 8.98m NOK (+1238.3% YoY). Calculated
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Net result improved
Net result +6.61m NOK → +19.29m NOK (net margin 985.1% → 214.7%). Calculated
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Equity strengthened
Book equity 35.52m NOK → 38.35m NOK (equity ratio 57.1% → 36.5%). Calculated
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Owners injected capital
Paid-in equity rose 12.8k NOK → 12.75m NOK (+12.74m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 3.29m NOK → 412.0k NOK (-87.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.29m NOK → 412.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 142.7k NOK → 42.1k NOK (-70.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 46.50m NOK → 222.7k NOK. Reported fact