Org.nr 993 188 921 2013 → 2014 Year-over-year analysis

15 MEANINGS AS: årsregnskap 2014 vs 2013

Shrank 54% on revenue

approved 2015-06-01; registry 2015-07-16; journal 2015 604247

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for 15 MEANINGS AS. Revenue 4.42m NOK → 2.02m NOK (-54.3%). Equity -104.5k NOK → -56.4k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 15 MEANINGS AS.

At a glance

Revenue

4.42m NOK 2.02m NOK

-54.3%

Operating result

+257.7k NOK +50.3k NOK

-80.5%

Equity

-104.5k NOK -56.4k NOK

+46.0%

Cash

54.3k NOK 38.6k NOK

-28.9%

Total assets

703.1k NOK 273.1k NOK

-61.2%

↑
Equity strengthened

Book equity -104.5k NOK → -56.4k NOK (equity ratio -14.9% → -20.7%). Calculated
↑
Payroll decreased

Salary cost 3.19m NOK → 1.17m NOK (72% → 58% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.42m NOK to 2.02m NOK (-54.3% YoY). Calculated
↓
Operating result weakened

Operating result +257.7k NOK → +50.3k NOK (op. margin 5.8% → 2.5%). Calculated
↓
Cash fell

Bank deposits 54.3k NOK → 38.6k NOK (-28.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is -20.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation