3B-FIBREGLASS NORWAY AS: årsregnskap 2014 vs 2013
Grew 21% on revenue, returned to profit, fresh owner capital
approved 2015-04-23; registry 2015-06-24; journal 2015 512383
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 3B-FIBREGLASS NORWAY AS. Revenue 285.0k NOK → 345.1k NOK (+21.1%). Net result -57.2k NOK → +9.40m NOK. Equity 104.31m NOK → 113.7k NOK.
On the constructive side: revenue rose; turned profitable; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 3B-FIBREGLASS NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 285.0k NOK to 345.1k NOK (+21.1% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 57.2k NOK to a profit of 9.40m NOK. Calculated
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Current ratio back above 1×
Current ratio 0.43× → 467.11×. Calculated
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Owners injected capital
Paid-in equity rose 216.6k NOK → 216.59m NOK (+216.38m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 104.31m NOK → 113.7k NOK (equity ratio 31748.4% → 29.0%). Calculated
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↓
Cash fell
Bank deposits 6.62m NOK → 6.61m NOK (-0.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 97.66m NOK → 14.10bn NOK (34268% → 4086650% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 82.3k NOK → 87.06m NOK (+105645.5% YoY). Calculated