NORBIT ASA: årsregnskap 2014 vs 2013
Weaker earnings
approved 2015-04-23; registry 2015-09-14; journal 2015 817304
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for NORBIT ASA. Revenue 8.98m NOK → 9.43m NOK (+4.9%). Net result +19.29m NOK → +918.7k NOK. Equity 38.35m NOK → 39.08m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NORBIT ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.98m NOK to 9.43m NOK (+4.9% YoY). Calculated
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↑
Equity strengthened
Book equity 38.35m NOK → 39.08m NOK (equity ratio 36.5% → 26.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +19.29m NOK → +918.7k NOK (net margin 214.7% → 9.7%). Calculated
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↓
Cash fell
Bank deposits 412.0k NOK → 351.4k NOK (-14.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 42.1k NOK → 19.8k NOK (-53.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 222.7k NOK → 100.0k NOK. Reported fact