ABELNES EIENDOM AS: årsregnskap 2014 vs 2013
Grew 22% on revenue, returned to profit, cash halved-plus
approved 2015-12-29; registry 2016-01-06; journal 2016 300124
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABELNES EIENDOM AS. Revenue 3.30m NOK → 4.02m NOK (+21.6%). Net result -1.18m NOK → +85.3k NOK. Equity 315.1k NOK → 679.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABELNES EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.30m NOK to 4.02m NOK (+21.6% YoY). Calculated
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↑
Operating result improved
Operating result -114.6k NOK → +291.2k NOK (op. margin -3.5% → 7.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 1.18m NOK to a profit of 85.3k NOK. Calculated
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↑
Equity strengthened
Book equity 315.1k NOK → 679.5k NOK (equity ratio 1.6% → 3.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 71.8k NOK → 1 927 NOK (-97.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 311 NOK → 1.02m NOK (0% → 25% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 155.3k NOK → 29.4k NOK (-81.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 788.9k NOK → 104.5k NOK. Reported fact