24/7 EKSPRESS AS: årsregnskap 2014 vs 2013
Mixed movements in the accounts
approved 2015-06-30; registry 2015-09-19; journal 2015 855620
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 24/7 EKSPRESS AS. Revenue 3.50m NOK → 3.62m NOK (+3.2%). Equity 4.26m NOK → -489.8k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 24/7 EKSPRESS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.50m NOK to 3.62m NOK (+3.2% YoY). Calculated
-
↑
Payroll decreased
Salary cost 815.8k NOK → 713.1k NOK (23% → 20% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.26m NOK → -489.8k NOK (equity ratio 357.2% → -86.7%). Calculated
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↓
Cash fell
Bank deposits 53.6k NOK → 44.5k NOK (-17.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.55× — 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 -86.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 323.0k NOK → 382.3k NOK (+18.4% YoY). Calculated