1-2-3 BYGG VEST AS: årsregnskap 2014 vs 2013
Grew 115398% on revenue, stronger earnings, cash halved-plus
approved 2015-04-27; registry 2015-08-05; journal 2015 680997
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 1-2-3 BYGG VEST AS. Revenue 1 278 NOK → 1.48m NOK (+115397.7%). Net result +99.4k NOK → +150.8k NOK. Equity 141.2k NOK → -9 661 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for 1-2-3 BYGG VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 278 NOK to 1.48m NOK (+115397.7% YoY). Calculated
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↑
Operating result improved
Operating result +137.5k NOK → +162.6k NOK (op. margin 10759.9% → 11.0%). Calculated
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↑
Net result improved
Net result +99.4k NOK → +150.8k NOK (net margin 7781.2% → 10.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 141.2k NOK → -9 661 NOK (equity ratio 30.9% → -3.3%). Calculated
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↓
Cash fell
Bank deposits 4.11m NOK → 243.5k NOK (-94.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.40× → 0.89× — 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 -3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.11m NOK → 243.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 223.1k NOK → 464.1k NOK (+108.0% YoY). Calculated