ABAS KOSMETIKK AS: årsregnskap 2014 vs 2013
Grew 24% on revenue, stronger earnings
approved 2015-06-30; registry 2015-07-22; journal 2015 630582
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABAS KOSMETIKK AS. Revenue 6.26m NOK → 7.74m NOK (+23.7%). Net result +174.8k NOK → +435.5k NOK. Equity 609.0k NOK → 44.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABAS KOSMETIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.26m NOK to 7.74m NOK (+23.7% YoY). Calculated
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↑
Operating result improved
Operating result +210.4k NOK → +546.7k NOK (op. margin 3.4% → 7.1%). Calculated
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↑
Net result improved
Net result +174.8k NOK → +435.5k NOK (net margin 2.8% → 5.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 609.0k NOK → 44.5k NOK (equity ratio 21.9% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 759.4k NOK → 649.1k NOK (-14.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.01m NOK → 2.09m NOK (32% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.68m NOK → 4.07m NOK (+52.0% YoY). Calculated