4SERVICE GRUPPEN AS: årsregnskap 2014 vs 2013
Grew 97% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 4SERVICE GRUPPEN AS. Revenue 91.0k NOK → 178.9k NOK (+96.5%). Net result +10.54m NOK → +1.67m NOK. Equity 3.00m NOK → 4.17m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 4SERVICE GRUPPEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 91.0k NOK to 178.9k NOK (+96.5% YoY). Calculated
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↑
Equity strengthened
Book equity 3.00m NOK → 4.17m NOK (equity ratio 19.2% → 8.7%). Calculated
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Cash rose
Bank deposits 453.9k NOK → 559.1k NOK (+23.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.10bn NOK → 797.3k NOK (3409076% → 446% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +10.54m NOK → +1.67m NOK (net margin 11576.0% → 932.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 13.21m NOK → 14.41m NOK. Reported fact