SOILTECH ASA: årsregnskap 2013 vs 2012
Shrank 20% on revenue, slipped into loss, cash halved-plus
approved 2014-02-20; registry 2014-03-12; journal 2014 316464
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for SOILTECH ASA. Revenue 14.32m NOK → 11.44m NOK (-20.1%). Net result +1 591 NOK → -5.34m NOK. Equity 17.98m NOK → 12.64m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for SOILTECH ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1 445 NOK → +5.73m NOK (op. margin 0.0% → 50.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.32m NOK to 11.44m NOK (-20.1% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 1 591 NOK profit to a loss of 5.34m NOK. Calculated
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↓
Equity eroded
Book equity 17.98m NOK → 12.64m NOK (equity ratio 90.1% → 77.2%). Calculated
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↓
Cash fell
Bank deposits 15.40m NOK → 6.02m NOK (-60.9% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 6 088 NOK → 6.04m NOK (+99049.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (15.40m NOK → 6.02m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 16.68m NOK → 12.53m NOK — check capital reduction, conversion, or reclassification. Interpretation