2INSTINCTS AS: årsregnskap 2014 vs 2013
Grew 7% on revenue, weaker earnings
approved 2015-06-01; registry 2015-06-24; journal 2015 507297
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 2INSTINCTS AS. Revenue 2.27m NOK → 2.43m NOK (+6.9%). Net result +46.6k NOK → +20.6k NOK. Equity 791.3k NOK → 770.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 2INSTINCTS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.27m NOK to 2.43m NOK (+6.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +34.3k NOK → +19.4k NOK (op. margin 1.5% → 0.8%). Calculated
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↓
Net result weakened
Net result +46.6k NOK → +20.6k NOK (net margin 2.0% → 0.8%). Calculated
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↓
Equity eroded
Book equity 791.3k NOK → 770.6k NOK (equity ratio 1108.5% → 33.8%). Calculated
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↓
Cash fell
Bank deposits 336.7k NOK → 284.0k NOK (-15.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 102 NOK → 307.3k NOK (0% → 13% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.82m NOK → 1.46m NOK (-19.5% YoY). Calculated