A HØNSEN SJÅFØRSKOLE AS: årsregnskap 2014 vs 2013
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2015-06-18; registry 2015-07-07; journal 2015 571929
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A HØNSEN SJÅFØRSKOLE AS. Revenue 6.90m NOK → 7.92m NOK (+14.7%). Net result +493.6k NOK → +943.3k NOK. Equity 248.9k NOK → 2.19m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A HØNSEN SJÅFØRSKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.90m NOK to 7.92m NOK (+14.7% YoY). Calculated
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Net result improved
Net result +493.6k NOK → +943.3k NOK (net margin 7.2% → 11.9%). Calculated
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↑
Equity strengthened
Book equity 248.9k NOK → 2.19m NOK (equity ratio 8.4% → 55.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.54m NOK → 81.8k NOK (-97.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.26× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.54m NOK → 81.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 603.3k NOK → 363.7k NOK (-39.7% YoY). Calculated