1 2 3 LØFT AS: årsregnskap 2014 vs 2013
Grew 12% on revenue, stronger earnings
approved 2015-02-23; registry 2015-05-06; journal 2015 381057
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 1 2 3 LØFT AS. Revenue 1.85m NOK → 2.08m NOK (+12.4%). Net result -180.2k NOK → -97.7k NOK. Equity 47.9k NOK → -49.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 1 2 3 LØFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.85m NOK to 2.08m NOK (+12.4% YoY). Calculated
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↑
Operating result improved
Operating result -181.9k NOK → -115.8k NOK (op. margin -9.8% → -5.6%). Calculated
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↑
Net result improved
Net result -180.2k NOK → -97.7k NOK (net margin -9.8% → -4.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 47.9k NOK → -49.9k NOK (equity ratio 5.6% → -8.0%). Calculated
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↓
Cash fell
Bank deposits 330.7k NOK → 243.2k NOK (-26.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 757.5k NOK → 792.4k NOK (41% → 38% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 222.2k NOK → 311.3k NOK (+40.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.0k NOK → 60.0k NOK. Reported fact