Org.nr 998 583 470 2013 → 2014 Year-over-year analysis

ABP ELEKTRO AS: årsregnskap 2014 vs 2013

Shrank 36% on revenue

approved 2015-03-11; registry 2015-03-17; journal 2015 327938

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABP ELEKTRO AS. Revenue 31.19m NOK → 19.82m NOK (-36.5%). Equity 4.99m NOK → 5.01m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABP ELEKTRO AS.

At a glance

Revenue

31.19m NOK 19.82m NOK

-36.5%

Operating result

+4.60m NOK +2.75m NOK

-40.2%

Equity

4.99m NOK 5.01m NOK

+0.5%

Cash

8.14m NOK 6.02m NOK

-26.1%

Total assets

14.63m NOK 11.19m NOK

-23.5%

↑
Equity strengthened

Book equity 4.99m NOK → 5.01m NOK (equity ratio 34.1% → 44.8%). Calculated
↑
Payroll decreased

Salary cost 10.62m NOK → 10.10m NOK (34% → 51% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 31.19m NOK to 19.82m NOK (-36.5% YoY). Calculated
↓
Operating result weakened

Operating result +4.60m NOK → +2.75m NOK (op. margin 14.7% → 13.9%). Calculated
↓
Cash fell

Bank deposits 8.14m NOK → 6.02m NOK (-26.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.33× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated