3 NORSKE AS: årsregnskap 2014 vs 2013
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2015-06-30; registry 2015-10-05; journal 2015 898454
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 3 NORSKE AS. Revenue 773.74m NOK → 51.3k NOK (-100.0%). Net result +62.28m NOK → +35.92m NOK. Equity 16.32m NOK → 16.52m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 3 NORSKE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 16.32m NOK → 16.52m NOK (equity ratio 35.1% → 28.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 773.74m NOK to 51.3k NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -362.0k NOK → -366.4k NOK (op. margin -0.0% → -713.8%). Calculated
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↓
Net result weakened
Net result +62.28m NOK → +35.92m NOK (net margin 8.0% → 69981.7%). Calculated
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↓
Cash fell
Bank deposits 2.59m NOK → 53.3k NOK (-97.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.59m NOK → 53.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 197.55m NOK → 170.03m NOK (-13.9% YoY). Calculated