360 VEST AS: årsregnskap 2014 vs 2013
Grew 354% on revenue, returned to profit, cash halved-plus
approved 2015-05-07; registry 2015-05-28; journal 2015 411799
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 360 VEST AS. Revenue 434.7k NOK → 1.97m NOK (+353.6%). Net result -151.6k NOK → +209.5k NOK. Equity -65.2k NOK → 144.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 360 VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 434.7k NOK to 1.97m NOK (+353.6% YoY). Calculated
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↑
Operating result improved
Operating result -152.1k NOK → +230.3k NOK (op. margin -35.0% → 11.7%). Calculated
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Turned profitable
Net result flipped from a loss of 151.6k NOK to a profit of 209.5k NOK. Calculated
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↑
Equity strengthened
Book equity -65.2k NOK → 144.3k NOK (equity ratio -52.4% → 59.5%). Calculated
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Current ratio back above 1×
Current ratio 0.66× → 2.47×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 84.7k NOK → 16.3k NOK (-80.8% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 67.7k NOK → 1.05m NOK (+1454.2% YoY). Calculated