HYDROGENPRO ASA: årsregnskap 2014 vs 2013
Grew 137451% on revenue, weaker earnings
approved 2015-05-27; registry 2015-06-16; journal 2015 463508
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for HYDROGENPRO ASA. Revenue 2 050 NOK → 2.82m NOK (+137451.3%). Net result +108.0k NOK → +35.5k NOK. Equity 138.0k NOK → 173.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for HYDROGENPRO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 050 NOK to 2.82m NOK (+137451.3% YoY). Calculated
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↑
Equity strengthened
Book equity 138.0k NOK → 173.6k NOK (equity ratio 41.3% → 17.8%). Calculated
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↑
Cash rose
Bank deposits 285.2k NOK → 504.4k NOK (+76.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +108.0k NOK → +35.5k NOK (net margin 5270.6% → 1.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.71× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 305.5k NOK → 74.0k NOK (-75.8% YoY). Calculated