A/S Hørtefossen: årsregnskap 2014 vs 2013
Shrank 6% on revenue
approved 2015-04-29; registry 2015-06-25; journal 2015 517087
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A/S Hørtefossen. Revenue 6.23m NOK → 5.83m NOK (-6.5%). Equity 3.36m NOK → 3.90m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S Hørtefossen.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1 NOK → +13 NOK (op. margin 0.0% → 0.0%). Calculated
-
↑
Equity strengthened
Book equity 3.36m NOK → 3.90m NOK (equity ratio 71.5% → 71.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.23m NOK to 5.83m NOK (-6.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 2.04m NOK → 1.51m NOK (-25.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 013 NOK → 2.48m NOK (0% → 42% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.72m NOK → 525.3k NOK (-69.4% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 90.6k NOK → 1.57m NOK. Reported fact