FirmaIQ
Org.nr 988 622 036 2012 → 2013 Year-over-year analysis

NORWEGIAN PROPERTY ASA: årsregnskap 2013 vs 2012

Grew 29% on revenue, cash halved-plus

approved 2014-02-13; registry 2014-05-03; journal 2014 373613

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for NORWEGIAN PROPERTY ASA. Revenue 31.00m NOK → 40.00m NOK (+29.0%). Equity 3.89bn NOK → 3.93bn NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.

At a glance

Scorecard

Revenue
31.00m NOK 40.00m NOK
+29.0%
Operating result
-75.00m NOK -63.00m NOK
+16.0%
Equity
3.89bn NOK 3.93bn NOK
+1.2%
Cash
669.00m NOK 37.00m NOK
-94.5%
Total assets
12.95bn NOK 13.66bn NOK
+5.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 31.00m NOK to 40.00m NOK (+29.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -75.00m NOK → -63.00m NOK (op. margin -241.9% → -157.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.89bn NOK → 3.93bn NOK (equity ratio 30.0% → 28.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 3.89bn NOK → 3.93bn NOK (+45.00m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 669.00m NOK → 37.00m NOK (-94.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (669.00m NOK → 37.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 10.66bn NOK → 12.28bn NOK. Reported fact