SELVAAG BOLIG ASA: årsregnskap 2013 vs 2012
Grew 112% on revenue
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for SELVAAG BOLIG ASA. Revenue 116.41m NOK → 247.07m NOK (+112.2%). Equity 2.15bn NOK → 2.26bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for SELVAAG BOLIG ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 116.41m NOK to 247.07m NOK (+112.2% YoY). Calculated
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↑
Operating result improved
Operating result -8.62m NOK → +99.33m NOK (op. margin -7.4% → 40.2%). Calculated
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↑
Equity strengthened
Book equity 2.15bn NOK → 2.26bn NOK (equity ratio 37.4% → -37.8%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -37.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 6.96m NOK → 4.76m NOK (-31.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.54bn NOK → 2.83bn NOK. Reported fact