ABC HÅNDVERKEREN FRANKIEWICZ AS: årsregnskap 2014 vs 2013
Grew 118% on revenue, returned to profit
approved 2015-06-02; registry 2015-07-11; journal 2015 585718
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABC HÅNDVERKEREN FRANKIEWICZ AS. Revenue 3.21m NOK → 7.00m NOK (+117.9%). Net result -239.9k NOK → +224.2k NOK. Equity 636.0k NOK → 60.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC HÅNDVERKEREN FRANKIEWICZ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.21m NOK to 7.00m NOK (+117.9% YoY). Calculated
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↑
Operating result improved
Operating result -345.0k NOK → +295.9k NOK (op. margin -10.7% → 4.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 239.9k NOK to a profit of 224.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 636.0k NOK → 60.3k NOK (equity ratio 66.4% → 15.2%). Calculated
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↓
Cash fell
Bank deposits 671.3k NOK → 513.4k NOK (-23.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.41× → 0.56× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.81m NOK → 3.03m NOK (56% → 43% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 475 NOK → 219.7k NOK (+14797.7% YoY). Calculated