ABACUS IT AS: årsregnskap 2014 vs 2013
Grew 10% on revenue, stronger earnings, cash halved-plus
approved 2015-03-26; registry 2015-06-02; journal 2015 420414
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABACUS IT AS. Revenue 16.29m NOK → 17.95m NOK (+10.1%). Net result +795 NOK → +15.5k NOK. Equity 1.10m NOK → 1.91m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACUS IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.29m NOK to 17.95m NOK (+10.1% YoY). Calculated
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↑
Operating result improved
Operating result +1.14m NOK → +1.27m NOK (op. margin 7.0% → 7.1%). Calculated
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↑
Net result improved
Net result +795 NOK → +15.5k NOK (net margin 0.0% → 0.1%). Calculated
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↑
Equity strengthened
Book equity 1.10m NOK → 1.91m NOK (equity ratio 14.6% → 22.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 842.9k NOK → 411.0k NOK (-51.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 8.15m NOK → 9.83m NOK (50% → 55% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 4.64m NOK → 4.36m NOK (-6.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.53m NOK → 2.52m NOK. Reported fact