7DESIGN AS: årsregnskap 2014 vs 2013
Shrank 28% on revenue
approved 2015-03-05; registry 2015-04-18; journal 2015 359359
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7DESIGN AS. Revenue 696.4k NOK → 498.7k NOK (-28.4%). Equity -210.4k NOK → -406.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 696.4k NOK to 498.7k NOK (-28.4% YoY). Calculated
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Equity eroded
Book equity -210.4k NOK → -406.9k NOK (equity ratio -55.9% → -154.7%). Calculated
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Cash fell
Bank deposits 153.1k NOK → 101.3k NOK (-33.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.65× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2.19m NOK → 2.20m NOK (314% → 441% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -154.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 401.5k NOK → 300.7k NOK (-25.1% YoY). Calculated