7 STEEL NORDIC REINFORCING AS: årsregnskap 2014 vs 2013
Mixed movements in the accounts
approved 2015-04-14; registry 2015-06-25; journal 2015 517055
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7 STEEL NORDIC REINFORCING AS. Revenue 0 NOK → 0 NOK (0.0%). Equity 624.47m NOK → 687.17m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1.28m NOK → +13.73m NOK. Calculated
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↑
Equity strengthened
Book equity 624.47m NOK → 687.17m NOK (equity ratio 70.5% → 64.0%). Calculated
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↑
Cash rose
Bank deposits 590.2k NOK → 19.19m NOK (+3151.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.83× → 1.02×. Calculated
What deteriorated
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↓
Payroll up without matching revenue
Salary cost 55.33m NOK → 57.21m NOK. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 170.42m NOK → 5.13m NOK (-97.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 667.36m NOK → 678.36m NOK. Reported fact