7 STEEL NORDIC GROUP AS: årsregnskap 2014 vs 2013
Grew 34% on revenue, stronger earnings, cash halved-plus
approved 2015-05-29; registry 2015-06-25; journal 2015 519622
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7 STEEL NORDIC GROUP AS. Revenue 3.40m NOK → 4.56m NOK (+34.4%). Net result +148 NOK → +6.59m NOK. Equity 253.22bn NOK → 56.08m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.40m NOK to 4.56m NOK (+34.4% YoY). Calculated
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Operating result improved
Operating result +782 NOK → +13.73m NOK (op. margin 0.0% → 300.8%). Calculated
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↑
Net result improved
Net result +148 NOK → +6.59m NOK (net margin 0.0% → 144.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 253.22bn NOK → 56.08m NOK. Calculated
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↓
Cash fell
Bank deposits 7.45m NOK → 58.0k NOK (-99.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.45m NOK → 58.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 5 170 NOK → 132.39m NOK (+2560654.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 101.59m NOK → 113.2k NOK. Reported fact