ABEL DIGITAL SECURITY AS: årsregnskap 2014 vs 2013
Shrank 38% on revenue, stronger earnings
approved 2015-06-05; registry 2015-07-01; journal 2015 543129
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABEL DIGITAL SECURITY AS. Revenue 2.46m NOK → 1.53m NOK (-37.7%). Net result +314.0k NOK → +428.2k NOK. Equity 542.4k NOK → 970.6k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +314.0k NOK → +428.2k NOK (net margin 12.8% → 27.9%). Calculated
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↑
Equity strengthened
Book equity 542.4k NOK → 970.6k NOK (equity ratio 74.9% → 99.7%). Calculated
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↑
Cash rose
Bank deposits 176.6k NOK → 495.6k NOK (+180.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.46m NOK to 1.53m NOK (-37.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 762.5k NOK → 450.7k NOK (-40.9% YoY). Calculated