FLENDER AS: årsregnskap 2014 vs 2013
Grew 11773% on revenue, slipped into loss, cash halved-plus
approved 2015-06-12; registry 2015-08-10; journal 2015 695568
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for FLENDER AS. Revenue 1 067 NOK → 126.7k NOK (+11773.5%). Net result +159.5k NOK → -123.6k NOK. Equity 132.0k NOK → 8 342 NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for FLENDER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 067 NOK to 126.7k NOK (+11773.5% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 159.5k NOK profit to a loss of 123.6k NOK. Calculated
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↓
Equity eroded
Book equity 132.0k NOK → 8 342 NOK (equity ratio 32.0% → 7.0%). Calculated
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↓
Cash fell
Bank deposits 157.0k NOK → 39.9k NOK (-74.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 7 NOK → 78.2k NOK. Reported fact