ABACS AS: årsregnskap 2014 vs 2013
Grew 66% on revenue, stronger earnings
approved 2015-06-24; registry 2015-07-23; journal 2015 639114
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABACS AS. Revenue 365.5k NOK → 606.7k NOK (+66.0%). Net result +205.2k NOK → +913.7k NOK. Equity 10.56m NOK → 11.47m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABACS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 365.5k NOK to 606.7k NOK (+66.0% YoY). Calculated
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↑
Net result improved
Net result +205.2k NOK → +913.7k NOK (net margin 56.1% → 150.6%). Calculated
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↑
Equity strengthened
Book equity 10.56m NOK → 11.47m NOK (equity ratio 85.3% → 86.1%). Calculated
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Cash rose
Bank deposits 2.05m NOK → 2.99m NOK (+45.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +187.9k NOK → +131.7k NOK (op. margin 51.4% → 21.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 203.1k NOK → 112.1k NOK (-44.8% YoY). Calculated