99X SOLUTIONS AS: årsregnskap 2014 vs 2013
Grew 20% on revenue
approved 2015-03-18; registry 2015-03-31; journal 2015 340965
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 99X SOLUTIONS AS. Revenue 2.92m NOK → 3.50m NOK (+20.2%). Equity 503.5k NOK → 127.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 99X SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.92m NOK to 3.50m NOK (+20.2% YoY). Calculated
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↑
Cash rose
Bank deposits 803.1k NOK → 854.3k NOK (+6.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 503.5k NOK → 127.2k NOK (equity ratio 32.9% → 7.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 715.3k NOK → 95.7k NOK (-86.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 21.3k NOK → 17.5k NOK. Reported fact