60 GRADER NORD KIROPRAKTIKK AS: årsregnskap 2014 vs 2013
Grew 22% on revenue, stronger earnings
approved 2015-05-29; registry 2015-07-20; journal 2015 611331
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 60 GRADER NORD KIROPRAKTIKK AS. Revenue 5.16m NOK → 6.30m NOK (+22.2%). Net result +43.1k NOK → +208.5k NOK. Equity 388.4k NOK → 135.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 60 GRADER NORD KIROPRAKTIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.16m NOK to 6.30m NOK (+22.2% YoY). Calculated
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Operating result improved
Operating result +112.4k NOK → +326.0k NOK (op. margin 2.2% → 5.2%). Calculated
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Net result improved
Net result +43.1k NOK → +208.5k NOK (net margin 0.8% → 3.3%). Calculated
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Cash rose
Bank deposits 295.3k NOK → 707.9k NOK (+139.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 390.6k NOK → 384.0k NOK (8% → 6% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 388.4k NOK → 135.2k NOK (equity ratio 31.4% → 9.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3.03m NOK → 3.94m NOK (+30.0% YoY). Calculated