3H EIENDOM AS: årsregnskap 2014 vs 2013
Shrank 24% on revenue, cash halved-plus
approved 2015-08-17; registry 2015-08-22; journal 2015 733582
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 3H EIENDOM AS. Revenue 883.8k NOK → 671.6k NOK (-24.0%). Equity -609.6k NOK → -1.28m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3H EIENDOM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 883.8k NOK to 671.6k NOK (-24.0% YoY). Calculated
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Equity eroded
Book equity -609.6k NOK → -1.28m NOK (equity ratio -11.0% → -31.6%). Calculated
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Cash fell
Bank deposits 240.9k NOK → 40.6k NOK (-83.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 14.75× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 10 NOK → 10.32m NOK (0% → 1536% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -31.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation