REACH SUBSEA ASA: årsregnskap 2014 vs 2013
Grew 1933710% on revenue, slipped into loss
approved 2015-04-20; registry 2015-10-14; journal 2015 937428
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for REACH SUBSEA ASA. Revenue 16.1k NOK → 311.15m NOK (+1933709.8%). Net result +1.54m NOK → -3.55m NOK. Equity 159.61m NOK → 14.16m NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.1k NOK to 311.15m NOK (+1933709.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 143.01m NOK → 157.09m NOK (+14.08m NOK). Reported fact
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↑
Payroll decreased
Salary cost 3579.00bn NOK → 11 NOK (22243632635% → 0% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 1.54m NOK profit to a loss of 3.55m NOK. Calculated
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↓
Equity eroded
Book equity 159.61m NOK → 14.16m NOK (equity ratio 99.7% → 9.0%). Calculated
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↓
Cash fell
Bank deposits 87.45m NOK → 71.39m NOK (-18.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 6.10m NOK → 42.66m NOK (+599.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 67.58m NOK → 81.24m NOK. Reported fact