ABRITUS AS: årsregnskap 2014 vs 2013
Grew 26% on revenue, stronger earnings, cash halved-plus
approved 2015-06-30; registry 2015-07-27; journal 2015 649755
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABRITUS AS. Revenue 737.0k NOK → 926.0k NOK (+25.6%). Net result +406.8k NOK → +591.2k NOK. Equity 7.58m NOK → 2.64m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ABRITUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 737.0k NOK to 926.0k NOK (+25.6% YoY). Calculated
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↑
Operating result improved
Operating result +379.3k NOK → +758.5k NOK (op. margin 51.5% → 81.9%). Calculated
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↑
Net result improved
Net result +406.8k NOK → +591.2k NOK (net margin 55.2% → 63.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 7.58m NOK → 2.64m NOK (equity ratio 96.3% → 86.8%). Calculated
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↓
Cash fell
Bank deposits 3.65m NOK → 1.24m NOK (-66.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.65m NOK → 1.24m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 5.14m NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation