NOFENCE AS: årsregnskap 2014 vs 2013
Shrank 30% on revenue, weaker earnings, cash halved-plus
approved 2015-06-25; registry 2015-08-06; journal 2015 687212
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for NOFENCE AS. Revenue 78.3k NOK → 55.0k NOK (-29.8%). Net result -148.5k NOK → -209.9k NOK. Equity 306.5k NOK → 1.10m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 306.5k NOK → 1.10m NOK (equity ratio 70.2% → 393.7%). Calculated
-
↑
Payroll decreased
Salary cost 119.5k NOK → 108.6k NOK (153% → 197% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 78.3k NOK to 55.0k NOK (-29.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -197.5k NOK → -289.0k NOK (op. margin -252.2% → -525.4%). Calculated
-
↓
Net result weakened
Net result -148.5k NOK → -209.9k NOK (net margin -189.6% → -381.7%). Calculated
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↓
Cash fell
Bank deposits 533.9k NOK → 45.3k NOK (-91.5% YoY). Calculated