A2G GRUPPEN AS: årsregnskap 2014 vs 2013
Shrank 11% on revenue, stronger earnings
approved 2015-04-23; registry 2015-09-14; journal 2015 805348
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for A2G GRUPPEN AS. Revenue 65.04m NOK → 57.69m NOK (-11.3%). Net result -21.71m NOK → -13.47m NOK. Equity 3.15m NOK → -8.98m NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A2G GRUPPEN AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -21.71m NOK → -13.47m NOK (net margin -33.4% → -23.3%). Calculated
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Cash rose
Bank deposits 17.80m NOK → 43.64m NOK (+145.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.74× → 1.16×. Calculated
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Payroll decreased
Salary cost 4.13bn NOK → 4.10bn NOK (6355% → 7115% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 65.04m NOK to 57.69m NOK (-11.3% YoY). Calculated
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Operating result weakened
Operating result -3.88m NOK → -9.29m NOK (op. margin -6.0% → -16.1%). Calculated
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Equity eroded
Book equity 3.15m NOK → -8.98m NOK (equity ratio 2.8% → -7.6%). Calculated
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COGS moved
COGS / varekostnad 61.1k NOK → 292.9k NOK (+379.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 15.12m NOK → 91.7k NOK. Reported fact