ABELON TECHNOLOGY AS: årsregnskap 2014 vs 2013
Grew 31% on revenue, returned to profit
approved 2015-02-15; registry 2015-06-02; journal 2015 419168
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABELON TECHNOLOGY AS. Revenue 153.6k NOK → 200.4k NOK (+30.5%). Net result -220.3k NOK → +787.0k NOK. Equity 196.6k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABELON TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 153.6k NOK to 200.4k NOK (+30.5% YoY). Calculated
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↑
Operating result improved
Operating result -311.2k NOK → +1.26m NOK (op. margin -202.7% → 626.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 220.3k NOK to a profit of 787.0k NOK. Calculated
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↑
Cash rose
Bank deposits 130.0k NOK → 321.2k NOK (+147.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 196.6k NOK → 100.0k NOK (equity ratio 45.3% → 11.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.83× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 320.4k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 136.7k NOK → 53.5k NOK (-60.9% YoY). Calculated