ECOTEQ ENERGY ASA: årsregnskap 2014 vs 2013
Shrank 87% on revenue, stronger earnings, cash halved-plus
approved 2015-12-30; registry 2016-01-11; journal 2016 300663
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ECOTEQ ENERGY ASA. Revenue 6.01m NOK → 768.0k NOK (-87.2%). Net result -33.29m NOK → -26.53m NOK. Equity 26.88m NOK → 2.61m NOK.
On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -33.29m NOK → -26.53m NOK (net margin -553.4% → -3454.0%). Calculated
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Owners injected capital
Paid-in equity rose 86.45m NOK → 88.71m NOK (+2.26m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.01m NOK to 768.0k NOK (-87.2% YoY). Calculated
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↓
Equity eroded
Book equity 26.88m NOK → 2.61m NOK (equity ratio 28.7% → 39.0%). Calculated
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↓
Cash fell
Bank deposits 203.0k NOK → 299 NOK (-99.9% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 18.45m NOK → 2.38m NOK (-87.1% YoY). Calculated