A. SÆTHER COMPAGNIET EIENDOM AS: årsregnskap 2014 vs 2013
Weaker earnings, cash halved-plus
approved 2015-04-09; registry 2015-04-18; journal 2015 359115
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A. SÆTHER COMPAGNIET EIENDOM AS. Revenue 3.26m NOK → 3.34m NOK (+2.7%). Net result +403.9k NOK → +132.9k NOK. Equity 2.59m NOK → 2.54m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A. SÆTHER COMPAGNIET EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.26m NOK to 3.34m NOK (+2.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +403.9k NOK → +132.9k NOK (net margin 12.4% → 4.0%). Calculated
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↓
Equity eroded
Book equity 2.59m NOK → 2.54m NOK (equity ratio 7.7% → 6.9%). Calculated
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↓
Cash fell
Bank deposits 129.7k NOK → 42.5k NOK (-67.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 82.8k NOK → 6.20m NOK (3% → 185% of revenue). Calculated