3B SERVICE AS: årsregnskap 2014 vs 2013
Weaker earnings, cash halved-plus
approved 2015-06-30; registry 2015-08-04; journal 2015 679620
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 3B SERVICE AS. Revenue 939.2k NOK → 968.4k NOK (+3.1%). Net result +381.6k NOK → +219.3k NOK. Equity 375.5k NOK → 594.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for 3B SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 939.2k NOK to 968.4k NOK (+3.1% YoY). Calculated
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↑
Equity strengthened
Book equity 375.5k NOK → 594.9k NOK (equity ratio 34.2% → 47.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +528.7k NOK → +285.7k NOK (op. margin 56.3% → 29.5%). Calculated
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↓
Net result weakened
Net result +381.6k NOK → +219.3k NOK (net margin 40.6% → 22.6%). Calculated
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↓
Cash fell
Bank deposits 250.5k NOK → 64.7k NOK (-74.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 9 306 NOK → 386.0k NOK (1% → 40% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 376.5k NOK → 764.0k NOK. Reported fact