FirmaIQ
Org.nr 984 036 736 2013 → 2014 Year-over-year analysis

4HUMAN TQM AS: årsregnskap 2014 vs 2013

Cash halved-plus

approved 2015-03-06; registry 2015-05-12; journal 2015 389946

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for 4HUMAN TQM AS. Revenue 11.27m NOK → 10.86m NOK (-3.6%). Equity 715.2k NOK → 178.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 4HUMAN TQM AS.

At a glance

Scorecard

Revenue
11.27m NOK 10.86m NOK
-3.6%
Net result
n/m +1.96m NOK
—
Equity
715.2k NOK 178.0k NOK
-75.1%
Cash
1.51m NOK 118.1k NOK
-92.2%
Total assets
5.99m NOK 5.80m NOK
-3.2%

What improved

  • ↑

    Payroll decreased

    Salary cost 6.25m NOK → 5.79m NOK (55% → 53% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.27m NOK to 10.86m NOK (-3.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 715.2k NOK → 178.0k NOK (equity ratio 11.9% → 3.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.51m NOK → 118.1k NOK (-92.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 195.5k NOK → 264.6k NOK (+35.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.51m NOK → 118.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.80m NOK → 1.22m NOK. Reported fact