ABC ART BUSINESS COLLECTION AS: årsregnskap 2014 vs 2013
Shrank 31% on revenue, cash halved-plus
approved 2015-04-25; registry 2015-07-06; journal 2015 566039
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABC ART BUSINESS COLLECTION AS. Revenue 761.5k NOK → 528.9k NOK (-30.5%). Equity 92.8k NOK → 200.1k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 92.8k NOK → 200.1k NOK (equity ratio 12.4% → 302.6%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 761.5k NOK to 528.9k NOK (-30.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 18.7k NOK → 223 NOK (-98.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.77× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 40.1k NOK → 90.7k NOK (5% → 17% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 322.9k NOK → 941.5k NOK (+191.6% YoY). Calculated