3 T LEVANGER AS: årsregnskap 2014 vs 2013
Weaker earnings, cash halved-plus
approved 2015-06-30; registry 2015-08-03; journal 2015 675318
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 3 T LEVANGER AS. Revenue 7.63m NOK → 7.69m NOK (+0.7%). Net result +1.73m NOK → +712.2k NOK. Equity 470.2k NOK → 251.2k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 3 T LEVANGER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.63m NOK to 7.69m NOK (+0.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.54× → 1.03×. Calculated
What deteriorated
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↓
Net result weakened
Net result +1.73m NOK → +712.2k NOK (net margin 22.6% → 9.3%). Calculated
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↓
Equity eroded
Book equity 470.2k NOK → 251.2k NOK (equity ratio 14.4% → 4.0%). Calculated
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↓
Cash fell
Bank deposits 160.1k NOK → 67.4k NOK (-57.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 768.7k NOK → 202.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 425.5k NOK → 323.4k NOK (-24.0% YoY). Calculated