SOILTECH ASA: årsregnskap 2014 vs 2013
Grew 260% on revenue, returned to profit, fresh owner capital
approved 2015-02-25; registry 2015-07-01; journal 2015 542705
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for SOILTECH ASA. Revenue 11.44m NOK → 41.16m NOK (+259.9%). Net result -5.34m NOK → +8.45m NOK. Equity 12.64m NOK → 50.00m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for SOILTECH ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.44m NOK to 41.16m NOK (+259.9% YoY). Calculated
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Operating result improved
Operating result +5.73m NOK → +7.38m NOK (op. margin 50.1% → 17.9%). Calculated
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Turned profitable
Net result flipped from a loss of 5.34m NOK to a profit of 8.45m NOK. Calculated
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Equity strengthened
Book equity 12.64m NOK → 50.00m NOK (equity ratio 77.2% → 73.8%). Calculated
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Cash rose
Bank deposits 6.02m NOK → 36.89m NOK (+512.9% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 6.04m NOK → 18.84m NOK (+212.0% YoY). Calculated