Org.nr 980 345 106 2013 → 2014 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2014 vs 2013

Shrank 8% on revenue

approved 2015-04-08; registry 2015-06-24; journal 2015 506973

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for 7 STEEL SERVICE NORWAY AS. Revenue 677.08m NOK → 622.12m NOK (-8.1%). Equity 49.18m NOK → 23.05m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.

At a glance

Revenue

677.08m NOK 622.12m NOK

-8.1%

Operating result

+1.58m NOK n/m

—

Equity

49.18m NOK 23.05m NOK

-53.1%

Cash

3.99m NOK 3.69m NOK

-7.6%

Total assets

212.89m NOK 191.18m NOK

-10.2%

↓
Revenue fell

Operating income / revenue moved from 677.08m NOK to 622.12m NOK (-8.1% YoY). Calculated
↓
Equity eroded

Book equity 49.18m NOK → 23.05m NOK (equity ratio 23.1% → 12.1%). Calculated
↓
Cash fell

Bank deposits 3.99m NOK → 3.69m NOK (-7.6% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 84.30m NOK → 92.50m NOK (12% → 15% of revenue). Calculated

·
COGS fell

COGS / varekostnad 466.97m NOK → 440.32m NOK (-5.7% YoY). Calculated