Org.nr 989 528 157 2014 → 2015 Year-over-year analysis

7 STEEL NORDIC GROUP AS: årsregnskap 2015 vs 2014

Mixed movements in the accounts

approved 2016-04-04; registry 2016-05-04; journal 2016 402632

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for 7 STEEL NORDIC GROUP AS. Revenue 4.56m NOK → 4.53m NOK (-0.7%). Equity 56.08m NOK → 47.64m NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC GROUP AS.

At a glance

Revenue

4.56m NOK 4.53m NOK

-0.7%

Operating result

+13.73m NOK +9.09m NOK

-33.8%

Net result

+6.59m NOK n/m

—

Equity

56.08m NOK 47.64m NOK

-15.0%

Cash

58.0k NOK 63.0k NOK

+8.6%

Total assets

120.1k NOK 133.5k NOK

+11.2%

↑
Cash rose

Bank deposits 58.0k NOK → 63.0k NOK (+8.6% YoY). Calculated
↑
Payroll decreased

Salary cost 251.0k NOK → 258 NOK (5% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.56m NOK to 4.53m NOK (-0.7% YoY). Calculated
↓
Operating result weakened

Operating result +13.73m NOK → +9.09m NOK (op. margin 300.8% → 200.6%). Calculated
↓
Equity eroded

Book equity 56.08m NOK → 47.64m NOK (equity ratio 46708.6% → 35698.0%). Calculated

·
COGS fell

COGS / varekostnad 132.39m NOK → 5.13m NOK (-96.1% YoY). Calculated
·
Book investments changed

Investment / intangible book value 113.2k NOK → 107.72m NOK. Reported fact