FirmaIQ
Org.nr 987 404 876 2013 → 2014 Year-over-year analysis

79 DEGREES SOUTH AS: årsregnskap 2014 vs 2013

Shrank 77% on revenue, slipped into loss, cash halved-plus

approved 2015-03-24; registry 2015-03-26; journal 2015 339894

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for 79 DEGREES SOUTH AS. Revenue 2.95m NOK → 690.9k NOK (-76.6%). Net result +98.0k NOK → -276.5k NOK. Equity 457.3k NOK → 180.8k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.95m NOK 690.9k NOK
-76.6%
Net result
+98.0k NOK -276.5k NOK
-382.3%
Equity
457.3k NOK 180.8k NOK
-60.5%
Cash
490.1k NOK 70.1k NOK
-85.7%
Total assets
939.9k NOK 280.3k NOK
-70.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.95m NOK to 690.9k NOK (-76.6% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 98.0k NOK profit to a loss of 276.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 457.3k NOK → 180.8k NOK (equity ratio 48.7% → 64.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 490.1k NOK → 70.1k NOK (-85.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.90m NOK → 4.28m NOK (64% → 619% of revenue). Calculated