Org.nr 911 463 830 2013 → 2014 Year-over-year analysis

ABILITY FM AS: årsregnskap 2014 vs 2013

Cash halved-plus

approved 2015-03-12; registry 2015-04-07; journal 2015 342797

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABILITY FM AS. Revenue 164.32m NOK → 160.76m NOK (-2.2%). Equity -3.87m NOK → -6.39m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABILITY FM AS.

At a glance

Revenue

164.32m NOK 160.76m NOK

-2.2%

Operating result

+9.76m NOK n/m

—

Net result

+8.96m NOK n/m

—

Equity

-3.87m NOK -6.39m NOK

-65.3%

Cash

4.47m NOK 1.31m NOK

-70.8%

Total assets

57.41m NOK 39.30m NOK

-31.6%

↑
Payroll decreased

Salary cost 4.12bn NOK → 4.11bn NOK (2506% → 2559% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 164.32m NOK to 160.76m NOK (-2.2% YoY). Calculated
↓
Equity eroded

Book equity -3.87m NOK → -6.39m NOK (equity ratio -6.7% → -16.3%). Calculated
↓
Cash fell

Bank deposits 4.47m NOK → 1.31m NOK (-70.8% YoY). Calculated

·
Thin equity buffer

Equity ratio is -16.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Sharp cash drawdown

Cash fell by more than 60% YoY (4.47m NOK → 1.31m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 31.55m NOK → 25.91m NOK (-17.9% YoY). Calculated