FirmaIQ
Org.nr 991 482 148 2013 → 2014 Year-over-year analysis

ABD RØRSERVICE AS: årsregnskap 2014 vs 2013

Grew 12% on revenue, weaker earnings, cash halved-plus

approved 2015-06-12; registry 2015-08-17; journal 2015 715185

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABD RØRSERVICE AS. Revenue 13.75m NOK → 15.47m NOK (+12.5%). Net result +459.92m NOK → +465.2k NOK. Equity 1.93m NOK → 744.4k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABD RØRSERVICE AS.

At a glance

Scorecard

Revenue
13.75m NOK 15.47m NOK
+12.5%
Operating result
+664.69m NOK +659.4k NOK
-99.9%
Net result
+459.92m NOK +465.2k NOK
-99.9%
Equity
1.93m NOK 744.4k NOK
-61.4%
Cash
739.6k NOK 160.2k NOK
-78.3%
Total assets
4.62m NOK 4.80m NOK
+3.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.75m NOK to 15.47m NOK (+12.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +664.69m NOK → +659.4k NOK (op. margin 4833.4% → 4.3%). Calculated

  • ↓

    Net result weakened

    Net result +459.92m NOK → +465.2k NOK (net margin 3344.4% → 3.0%). Calculated

  • ↓

    Equity eroded

    Book equity 1.93m NOK → 744.4k NOK (equity ratio 41.8% → 15.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 739.6k NOK → 160.2k NOK (-78.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.55× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.94m NOK → 3.95m NOK (29% → 26% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 7.17m NOK → 8.93m NOK (+24.5% YoY). Calculated