ABAN INTERNATIONAL NORWAY AS: årsregnskap 2014 vs 2013
Grew 24% on revenue, fresh owner capital
approved 2014-09-09; registry 2014-09-13; journal 2014 842494
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABAN INTERNATIONAL NORWAY AS. Revenue 63.13m NOK → 77.99m NOK (+23.5%). Equity 516.25m NOK → 717.6k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABAN INTERNATIONAL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 63.13m NOK to 77.99m NOK (+23.5% YoY). Calculated
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↑
Cash rose
Bank deposits 60.0k NOK → 280.0k NOK (+366.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 516.2k NOK → 516.25m NOK (+515.73m NOK). Reported fact
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↑
Payroll decreased
Salary cost 11.54m NOK → 11.5k NOK (18% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 516.25m NOK → 717.6k NOK (equity ratio 31255.9% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 23.11m NOK → 17 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.56m NOK → 1.56bn NOK. Reported fact