8 IN VEST AS: årsregnskap 2014 vs 2013
Shrank 99% on revenue, weaker earnings, cash halved-plus
approved 2015-06-27; registry 2015-07-20; journal 2015 611791
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 8 IN VEST AS. Revenue 959.1k NOK → 6 360 NOK (-99.3%). Net result +398.2k NOK → +79.8k NOK. Equity 466.6k NOK → 546.5k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 8 IN VEST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 466.6k NOK → 546.5k NOK (equity ratio 53.0% → 265.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 959.1k NOK to 6 360 NOK (-99.3% YoY). Calculated
-
↓
Net result weakened
Net result +398.2k NOK → +79.8k NOK (net margin 41.5% → 1255.5%). Calculated
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↓
Cash fell
Bank deposits 645.0k NOK → 145.2k NOK (-77.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.02× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 177.9k NOK → 665.4k NOK (19% → 10462% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 46.2k NOK → 47.8k NOK. Reported fact