A. ÅRDAL AS: årsregnskap 2014 vs 2013
Cash halved-plus
approved 2015-03-19; registry 2015-07-06; journal 2015 561103
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A. ÅRDAL AS. Revenue 1.69m NOK → 1.77m NOK (+4.5%). Equity 3.33m NOK → 3.48m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A. ÅRDAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.69m NOK to 1.77m NOK (+4.5% YoY). Calculated
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↑
Operating result improved
Operating result +772.1k NOK → +946.6k NOK (op. margin 45.6% → 53.5%). Calculated
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↑
Equity strengthened
Book equity 3.33m NOK → 3.48m NOK (equity ratio 23.8% → 9.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 527.8k NOK → 243.9k NOK (-53.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 188 NOK → 23.0k NOK. Reported fact