GOODTECH ASA: årsregnskap 2014 vs 2013
Grew 89949% on revenue, stronger earnings, cash halved-plus
approved 2015-04-24; registry 2015-06-10; journal 2015 442255
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for GOODTECH ASA. Revenue 19.7k NOK → 17.78m NOK (+89948.6%). Net result +41.5k NOK → +583.0k NOK. Equity 590.0k NOK → 590.1k NOK.
On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 19.7k NOK to 17.78m NOK (+89948.6% YoY). Calculated
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Net result improved
Net result +41.5k NOK → +583.0k NOK (net margin 210.1% → 3.3%). Calculated
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Owners injected capital
Paid-in equity rose 590.0k NOK → 589.75m NOK (+589.16m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +19.5k NOK → -23.13m NOK (op. margin 98.8% → -130.1%). Calculated
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Cash fell
Bank deposits 22.41m NOK → 1.08m NOK (-95.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.13× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (22.41m NOK → 1.08m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 22.9k NOK → 24.18m NOK (116% → 136% of revenue). Calculated
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COGS fell
COGS / varekostnad 197.53m NOK → 14.12m NOK (-92.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 570.1k NOK → 572.5k NOK. Reported fact