ABLE AS: årsregnskap 2014 vs 2013
Returned to profit, cash halved-plus, fresh owner capital
approved 2015-03-18; registry 2015-05-28; journal 2015 412255
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABLE AS. Revenue 2.15m NOK → 2.17m NOK (+0.7%). Net result -243.8k NOK → +18 NOK. Equity 426.7k NOK → 652.1k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.15m NOK to 2.17m NOK (+0.7% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 243.8k NOK to a profit of 18 NOK. Calculated
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↑
Equity strengthened
Book equity 426.7k NOK → 652.1k NOK (equity ratio 42.1% → 76.5%). Calculated
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↑
Owners injected capital
Paid-in equity rose 426.7k NOK → 652.1k NOK (+225.4k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -354.1k NOK → -396.5k NOK (op. margin -16.4% → -18.3%). Calculated
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↓
Cash fell
Bank deposits 410.5k NOK → 36.2k NOK (-91.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 1.58m NOK (0% → 73% of revenue). Calculated