SCATEC ASA: årsregnskap 2013 vs 2012
Grew 189% on revenue, stronger earnings
approved 2014-07-31; registry 2014-08-04; journal 2014 623477
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for SCATEC ASA. Revenue 86.40m NOK → 249.28m NOK (+188.5%). Net result -48.45m NOK → -7.55m NOK. Equity 362.9k NOK → 426.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 86.40m NOK to 249.28m NOK (+188.5% YoY). Calculated
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↑
Net result improved
Net result -48.45m NOK → -7.55m NOK (net margin -56.1% → -3.0%). Calculated
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↑
Equity strengthened
Book equity 362.9k NOK → 426.7k NOK (equity ratio 59.2% → 41.5%). Calculated
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↑
Cash rose
Bank deposits 61.06m NOK → 119.23m NOK (+95.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.98m NOK → -74.69m NOK (op. margin -2.3% → -30.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 15.62m NOK → 20.86m NOK (18% → 8% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 0 NOK → 12.33m NOK (None YoY). Calculated
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·
Book investments changed
Investment / intangible book value 329.48m NOK → 723.6k NOK. Reported fact