2TEX AS: årsregnskap 2015 vs 2014
Stronger earnings, cash halved-plus
approved 2016-06-15; registry 2016-07-11; journal 2016 662397
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 2TEX AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +45.8k NOK → +479.8k NOK. Equity 11.12m NOK → 5.60m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2TEX AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -157.8k NOK → -121.5k NOK. Calculated
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↑
Net result improved
Net result +45.8k NOK → +479.8k NOK. Calculated
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↑
Payroll decreased
Salary cost 67.6k NOK → 57.0k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.12m NOK → 5.60m NOK (equity ratio 64.7% → 36.6%). Calculated
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↓
Cash fell
Bank deposits 1.27m NOK → 496.3k NOK (-60.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.27m NOK → 496.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 15.17m NOK → 14.12m NOK. Reported fact