ABSALONSEN TRANSPORT AS: årsregnskap 2014 vs 2013
Grew 44% on revenue, returned to profit
approved 2015-06-18; registry 2015-07-30; journal 2015 666367
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABSALONSEN TRANSPORT AS. Revenue 377.6k NOK → 543.7k NOK (+44.0%). Net result -7 313 NOK → +36.0k NOK. Equity -615.1k NOK → -579.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 377.6k NOK to 543.7k NOK (+44.0% YoY). Calculated
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Operating result improved
Operating result +40.9k NOK → +74.6k NOK (op. margin 10.8% → 13.7%). Calculated
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Turned profitable
Net result flipped from a loss of 7 313 NOK to a profit of 36.0k NOK. Calculated
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Equity strengthened
Book equity -615.1k NOK → -579.0k NOK (equity ratio -359.0% → -782.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -782.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 527 NOK → 37.7k NOK (0% → 7% of revenue). Calculated
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COGS moved
COGS / varekostnad 3 450 NOK → 23.2k NOK (+571.1% YoY). Calculated