FirmaIQ
Org.nr 974 529 459 2013 → 2014 Year-over-year analysis

OTELLO CORPORATION ASA: årsregnskap 2014 vs 2013

Shrank 100% on revenue, slipped into loss

approved 2015-04-30; registry 2015-09-12; journal 2015 802146

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for OTELLO CORPORATION ASA. Revenue 170.00m NOK → 198.0k NOK (-99.9%). Net result +60.00m NOK → -59.00m NOK. Equity 306.00m NOK → 315.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.

At a glance

Scorecard

Revenue
170.00m NOK 198.0k NOK
-99.9%
Operating result
n/m +39.00m NOK
—
Net result
+60.00m NOK -59.00m NOK
-198.3%
Equity
306.00m NOK 315.0k NOK
-99.9%
Cash
128.00m NOK 74.00m NOK
-42.2%
Total assets
397.00m NOK 588.0k NOK
-99.9%

What improved

  • ↑

    Payroll decreased

    Salary cost 109.00m NOK → 5.16m NOK (64% → 2604% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 170.00m NOK to 198.0k NOK (-99.9% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 60.00m NOK profit to a loss of 59.00m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 306.00m NOK → 315.0k NOK (equity ratio 77.1% → 53.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 128.00m NOK → 74.00m NOK (-42.2% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 203.00m NOK → 284.0k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 3.00m NOK → 8.00m NOK. Reported fact