7 STEEL SERVICE NORWAY AS: årsregnskap 2015 vs 2014
Mixed movements in the accounts
approved 2016-04-01; registry 2016-06-04; journal 2016 467378
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 7 STEEL SERVICE NORWAY AS. Revenue 622.12m NOK → 601.23m NOK (-3.4%). Equity 23.05m NOK → 25.90m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 23.05m NOK → 25.90m NOK (equity ratio 12.1% → 12633.7%). Calculated
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↑
Cash rose
Bank deposits 3.69m NOK → 3.89m NOK (+5.6% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 44.00m NOK → 44.44m NOK (+440.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 92.50m NOK → 86.11m NOK (15% → 14% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 622.12m NOK to 601.23m NOK (-3.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 895.57× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 440.32m NOK → 413.60m NOK (-6.1% YoY). Calculated