A'VERA AS: årsregnskap 2014 vs 2013
Shrank 13% on revenue, weaker earnings, cash halved-plus
approved 2015-02-20; registry 2015-02-24; journal 2015 309656
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A'VERA AS. Revenue 9.65m NOK → 8.40m NOK (-12.9%). Net result +36.4k NOK → +13.8k NOK. Equity 211.5k NOK → 225.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A'VERA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 211.5k NOK → 225.3k NOK (equity ratio 10.8% → 24.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.65m NOK to 8.40m NOK (-12.9% YoY). Calculated
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↓
Operating result weakened
Operating result +29.0k NOK → +18.4k NOK (op. margin 0.3% → 0.2%). Calculated
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↓
Net result weakened
Net result +36.4k NOK → +13.8k NOK (net margin 0.4% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 1.40m NOK → 331.9k NOK (-76.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.40m NOK → 331.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 5.84m NOK → 5.67m NOK (-2.8% YoY). Calculated