Org.nr 989 197 983 2013 → 2014 Year-over-year analysis

AB PROSJEKT AS: årsregnskap 2014 vs 2013

Weaker earnings, cash halved-plus

approved 2015-05-18; registry 2015-08-20; journal 2015 730308

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for AB PROSJEKT AS. Net result +945.6k NOK → +563.1k NOK. Equity 6.39m NOK → 5.99m NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AB PROSJEKT AS.

At a glance

Operating result

-10.5k NOK -20.4k NOK

-95.4%

Net result

+945.6k NOK +563.1k NOK

-40.5%

Equity

6.39m NOK 5.99m NOK

-6.3%

Cash

2.02m NOK 605.8k NOK

-70.0%

Total assets

6.93m NOK 8.99m NOK

+29.9%

↓
Operating result weakened

Operating result -10.5k NOK → -20.4k NOK. Calculated
↓
Net result weakened

Net result +945.6k NOK → +563.1k NOK. Calculated
↓
Equity eroded

Book equity 6.39m NOK → 5.99m NOK (equity ratio 92.3% → 66.6%). Calculated
↓
Cash fell

Bank deposits 2.02m NOK → 605.8k NOK (-70.0% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.02m NOK → 605.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation