ABC ELEKTRO TEAM AS: årsregnskap 2014 vs 2013
Shrank 22% on revenue, fresh owner capital
approved 2015-10-12; registry 2015-12-10; journal 2015 957562
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABC ELEKTRO TEAM AS. Revenue 23.06m NOK → 17.98m NOK (-22.0%). Equity 1.36m NOK → 263.0k NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC ELEKTRO TEAM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3 NOK → 101.5k NOK (+3382333.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 300 NOK → 2.00m NOK (+2.00m NOK). Reported fact
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↑
Payroll decreased
Salary cost 11.04m NOK → 9.67m NOK (48% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.06m NOK to 17.98m NOK (-22.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.36m NOK → 263.0k NOK (equity ratio 15.9% → 3.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 7.56m NOK → 5.96m NOK (-21.3% YoY). Calculated