7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2014 vs 2013
Mixed movements in the accounts
approved 2015-04-15; registry 2015-06-25; journal 2015 515273
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 2.31bn NOK → 2.28bn NOK (-1.5%). Equity 449.15m NOK → 484.2k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC MANUFACTURING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -34.46m NOK → +93.84m NOK (op. margin -1.5% → 4.1%). Calculated
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↑
Payroll decreased
Salary cost 183.22m NOK → 18.20m NOK (8% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.31bn NOK to 2.28bn NOK (-1.5% YoY). Calculated
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↓
Equity eroded
Book equity 449.15m NOK → 484.2k NOK (equity ratio 42.2% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 8.71m NOK → 7.94m NOK (-8.9% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1.50bn NOK → 3.44bn NOK (+129.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 8.20m NOK → 200.0k NOK. Reported fact