A/S POLYCORP: årsregnskap 2014 vs 2013
Shrank 33% on revenue
approved 2015-06-24; registry 2015-09-23; journal 2015 866480
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A/S POLYCORP. Revenue 117.5k NOK → 79.0k NOK (-32.8%). Net result +729.6k NOK → +686.1k NOK. Equity 489.9k NOK → 176.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S POLYCORP.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 117.5k NOK to 79.0k NOK (-32.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -139.3k NOK → -283.0k NOK (op. margin -118.6% → -358.2%). Calculated
-
↓
Net result weakened
Net result +729.6k NOK → +686.1k NOK (net margin 620.9% → 868.5%). Calculated
-
↓
Equity eroded
Book equity 489.9k NOK → 176.1k NOK (equity ratio 2.3% → 0.8%). Calculated
-
↓
Cash fell
Bank deposits 2.23m NOK → 1.62m NOK (-27.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 9.62m NOK → 9.95m NOK. Reported fact