ABRAX AS: årsregnskap 2014 vs 2013
Stronger earnings, cash halved-plus
approved 2015-05-19; registry 2015-06-15; journal 2015 462560
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABRAX AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -28.0k NOK → -12.1k NOK. Equity 2 030 NOK → -10.1k NOK.
On the constructive side: net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABRAX AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -28.0k NOK → -12.1k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 2 030 NOK → -10.1k NOK (equity ratio 10.8% → -119.7%). Calculated
-
↓
Cash fell
Bank deposits 18.9k NOK → 8 445 NOK (-55.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -119.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation