BORGESTAD ASA: årsregnskap 2014 vs 2013
Grew 1636% on revenue, stronger earnings, cash halved-plus
approved 2015-03-19; registry 2015-08-12; journal 2015 703249
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for BORGESTAD ASA. Revenue 712.2k NOK → 12.37m NOK (+1636.3%). Net result +19.9k NOK → +9.32m NOK. Equity 465.7k NOK → 474.2k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 712.2k NOK to 12.37m NOK (+1636.3% YoY). Calculated
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↑
Net result improved
Net result +19.9k NOK → +9.32m NOK (net margin 2.8% → 75.4%). Calculated
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↑
Equity strengthened
Book equity 465.7k NOK → 474.2k NOK (equity ratio 65.4% → 59.1%). Calculated
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Current ratio back above 1×
Current ratio 0.23× → 3.20×. Calculated
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Owners injected capital
Paid-in equity rose 96.7k NOK → 96.70m NOK (+96.60m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -16.6k NOK → -1.39m NOK (op. margin -2.3% → -11.2%). Calculated
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↓
Cash fell
Bank deposits 527.0k NOK → 15.0k NOK (-97.2% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 310.5k NOK → 4.30m NOK (+1285.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 672.26m NOK → 712.0k NOK. Reported fact