123KULDE AS: årsregnskap 2014 vs 2013
Grew 19% on revenue, cash halved-plus
approved 2015-04-18; registry 2015-07-22; journal 2015 632136
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 123KULDE AS. Revenue 8 166 NOK → 9 722 NOK (+19.1%). Equity 6.12m NOK → 20.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 123KULDE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8 166 NOK to 9 722 NOK (+19.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +130.5k NOK → -103.1k NOK (op. margin 1598.0% → -1060.2%). Calculated
-
↓
Equity eroded
Book equity 6.12m NOK → 20.6k NOK (equity ratio 1972.7% → 12.3%). Calculated
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↓
Cash fell
Bank deposits 121.2k NOK → 40.0k NOK (-67.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.50× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 4 167 NOK → 581.5k NOK (51% → 5982% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 259.9k NOK → 156.4k NOK (-39.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 31.5k NOK → 25.0k NOK. Reported fact