NRC GROUP ASA: årsregnskap 2014 vs 2013
Shrank 41% on revenue, returned to profit
approved 2015-03-12; registry 2015-10-20; journal 2015 943435
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for NRC GROUP ASA. Revenue 10.53m NOK → 6.19m NOK (-41.2%). Net result -59.44m NOK → +7.93m NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NRC GROUP ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 59.44m NOK to a profit of 7.93m NOK. Calculated
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↑
Cash rose
Bank deposits 7.57m NOK → 14.13m NOK (+86.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 107.46m NOK → 12.10m NOK (1021% → 196% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.53m NOK to 6.19m NOK (-41.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 68.12m NOK → 91.00m NOK (+33.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 59.41m NOK → 52.04m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 73.0k NOK → 60.20m NOK. Reported fact