A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2014 vs 2013
Stronger earnings
approved 2015-06-30; registry 2015-09-05; journal 2015 795122
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 9.34m NOK → 9.16m NOK (-2.0%). Net result -160.9k NOK → -36.5k NOK. Equity -148.0k NOK → -184.4k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -33.0k NOK → +81.1k NOK (op. margin -0.4% → 0.9%). Calculated
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↑
Net result improved
Net result -160.9k NOK → -36.5k NOK (net margin -1.7% → -0.4%). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 803.3k NOK (None YoY). Calculated
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↑
Payroll decreased
Salary cost 4.59m NOK → 4.31m NOK (49% → 47% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.34m NOK to 9.16m NOK (-2.0% YoY). Calculated
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↓
Equity eroded
Book equity -148.0k NOK → -184.4k NOK (equity ratio -6.0% → -7.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.28m NOK → 2.27m NOK (-0.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 239.9k NOK. Reported fact