247 ENERGY AS: årsregnskap 2014 vs 2013
Grew 7% on revenue
approved 2015-06-26; registry 2015-08-24; journal 2015 737078
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 247 ENERGY AS. Revenue 2.49m NOK → 2.66m NOK (+7.0%). Equity -2.66m NOK → -3.06m NOK.
On the constructive side: revenue rose; operating 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 247 ENERGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.49m NOK to 2.66m NOK (+7.0% YoY). Calculated
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↑
Operating result improved
Operating result -607.0k NOK → -399.5k NOK (op. margin -24.4% → -15.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -2.66m NOK → -3.06m NOK (equity ratio -346.3% → -463.9%). Calculated
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↓
Cash fell
Bank deposits 151.5k NOK → 132.5k NOK (-12.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -463.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 794.8k NOK → 806.4k NOK (32% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 563.3k NOK → 627.3k NOK (+11.4% YoY). Calculated