Org.nr 998 895 804 2013 → 2014 Year-over-year analysis

2MIND DESIGN AS: årsregnskap 2014 vs 2013

Shrank 37% on revenue

approved 2015-06-25; registry 2015-07-08; journal 2015 578237

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for 2MIND DESIGN AS. Revenue 996.1k NOK → 631.6k NOK (-36.6%). Equity 69.4k NOK → 67.3k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2MIND DESIGN AS.

At a glance

Revenue

996.1k NOK 631.6k NOK

-36.6%

Operating result

n/m -2 763 NOK

—

Equity

69.4k NOK 67.3k NOK

-3.0%

Cash

240.6k NOK 244.9k NOK

+1.8%

Total assets

344.6k NOK 244.9k NOK

-28.9%

↓
Revenue fell

Operating income / revenue moved from 996.1k NOK to 631.6k NOK (-36.6% YoY). Calculated
↓
Equity eroded

Book equity 69.4k NOK → 67.3k NOK (equity ratio 20.1% → 27.5%). Calculated
↓
Payroll up without matching revenue

Salary cost 1 502 NOK → 376.1k NOK (0% → 60% of revenue). Calculated