ABBOTT MEDICAL NORWAY AS: årsregnskap 2014 vs 2013
Shrank 100% on revenue, cash halved-plus
approved 2015-06-30; registry 2015-10-06; journal 2015 910104
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABBOTT MEDICAL NORWAY AS. Revenue 102.91m NOK → 114.1k NOK (-99.9%). Equity 4.78m NOK → 4.15m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABBOTT MEDICAL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 11.61m NOK → 12.8k NOK (11% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 102.91m NOK to 114.1k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 4.78m NOK → 4.15m NOK (equity ratio 26.7% → 20.5%). Calculated
-
↓
Cash fell
Bank deposits 3.33m NOK → 6 659 NOK (-99.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.33m NOK → 6 659 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 77.17m NOK → 88.5k NOK (-99.9% YoY). Calculated