Org.nr 912 484 483 2013 → 2014 Year-over-year analysis

ABSNET AS: årsregnskap 2014 vs 2013

Shrank 23% on revenue, cash halved-plus

approved 2015-08-27; registry 2015-09-19; journal 2015 856546

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABSNET AS. Revenue 909.8k NOK → 703.1k NOK (-22.7%). Equity -48.2k NOK → -191.7k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSNET AS.

At a glance

Revenue

909.8k NOK 703.1k NOK

-22.7%

Equity

-48.2k NOK -191.7k NOK

-297.4%

Cash

188.2k NOK 29.7k NOK

-84.2%

Total assets

391.6k NOK 308.7k NOK

-21.2%

↓
Revenue fell

Operating income / revenue moved from 909.8k NOK to 703.1k NOK (-22.7% YoY). Calculated
↓
Equity eroded

Book equity -48.2k NOK → -191.7k NOK (equity ratio -12.3% → -62.1%). Calculated
↓
Cash fell

Bank deposits 188.2k NOK → 29.7k NOK (-84.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is -62.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 143.3k NOK → 76.7k NOK (-46.5% YoY). Calculated