ABACTUS AS: årsregnskap 2014 vs 2013
Shrank 15% on revenue, stronger earnings, cash halved-plus
approved 2015-06-30; registry 2015-10-06; journal 2015 914374
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABACTUS AS. Revenue 2.36m NOK → 2.00m NOK (-15.1%). Net result +17.8k NOK → +3.75m NOK. Equity 18.28m NOK → 16.85m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABACTUS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +17.8k NOK → +3.75m NOK (net margin 0.8% → 187.7%). Calculated
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Payroll decreased
Salary cost 3.12m NOK → 102.7k NOK (133% → 5% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.36m NOK to 2.00m NOK (-15.1% YoY). Calculated
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Equity eroded
Book equity 18.28m NOK → 16.85m NOK (equity ratio 76.7% → 72.8%). Calculated
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Cash fell
Bank deposits 13.72m NOK → 1.32m NOK (-90.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 13.13× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 97.5k NOK → 18.82m NOK (+19199.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (13.72m NOK → 1.32m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 21.29m NOK → 14.4k NOK. Reported fact