1-2-TRE AS: årsregnskap 2014 vs 2013
Shrank 38% on revenue, cash halved-plus
approved 2015-04-30; registry 2015-05-13; journal 2015 395207
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 1-2-TRE AS. Revenue 926.9k NOK → 578.4k NOK (-37.6%). Equity 199.5k NOK → 219.4k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 199.5k NOK → 219.4k NOK (equity ratio 43.1% → 70.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.84× → 1.14×. Calculated
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↑
Payroll decreased
Salary cost 317.2k NOK → 177.0k NOK (34% → 31% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 926.9k NOK to 578.4k NOK (-37.6% YoY). Calculated
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↓
Cash fell
Bank deposits 105.5k NOK → 27.5k NOK (-73.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 420.3k NOK → 170.3k NOK (-59.5% YoY). Calculated