ABC TRAFIKKSKOLE AS: årsregnskap 2014 vs 2013
Grew 6% on revenue, stronger earnings, cash halved-plus
approved 2015-06-30; registry 2015-09-02; journal 2015 779750
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABC TRAFIKKSKOLE AS. Revenue 5.46m NOK → 5.81m NOK (+6.3%). Net result +158.99m NOK → +334.33m NOK. Equity 351.4k NOK → 285.8k 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; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABC TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.46m NOK to 5.81m NOK (+6.3% YoY). Calculated
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Operating result improved
Operating result +390.70m NOK → +621.29m NOK (op. margin 7154.9% → 10699.5%). Calculated
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Net result improved
Net result +158.99m NOK → +334.33m NOK (net margin 2911.5% → 5757.6%). Calculated
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Payroll decreased
Salary cost 3.12m NOK → 3.03m NOK (57% → 52% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 351.4k NOK → 285.8k NOK (equity ratio 12.4% → 8.8%). Calculated
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Cash fell
Bank deposits 483.8k NOK → 29.6k NOK (-93.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 187.7k NOK → 196.0k NOK (+4.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 4 465 NOK → 3 379 NOK. Reported fact