A BRANDTH AS: årsregnskap 2014 vs 2013
Grew 15% on revenue, cash halved-plus, fresh owner capital
approved 2015-04-21; registry 2015-05-02; journal 2015 375493
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A BRANDTH AS. Revenue 18.10m NOK → 20.80m NOK (+14.9%). Equity 8.42m NOK → 7.02m NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A BRANDTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.10m NOK to 20.80m NOK (+14.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 200 NOK → 200.0k NOK (+199.8k NOK). Reported fact
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↑
Payroll decreased
Salary cost 3.50m NOK → 3.38m NOK (19% → 16% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 8.42m NOK → 7.02m NOK (equity ratio 64.0% → 50.9%). Calculated
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↓
Cash fell
Bank deposits 1.43m NOK → 437.5k NOK (-69.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.43m NOK → 437.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 11.71m NOK → 13.67m NOK (+16.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 884.8k NOK → 10.5k NOK. Reported fact