4 SEAS AS: årsregnskap 2014 vs 2013
Shrank 15% on revenue, slipped into loss, cash halved-plus
approved 2015-06-30; registry 2015-08-31; journal 2015 767484
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 4 SEAS AS. Revenue 437.6k NOK → 371.8k NOK (-15.0%). Net result +19.7k NOK → -101.1k NOK. Equity 677.2k NOK → 692.7k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 677.2k NOK → 692.7k NOK (equity ratio 7.4% → 7.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 437.6k NOK to 371.8k NOK (-15.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +299.5k NOK → +176.8k NOK (op. margin 68.4% → 47.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 19.7k NOK profit to a loss of 101.1k NOK. Calculated
-
↓
Cash fell
Bank deposits 148.3k NOK → 17.1k NOK (-88.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.08× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated