ABSOR AS: årsregnskap 2014 vs 2013
Shrank 85% on revenue, stronger earnings
approved 2015-08-27; registry 2015-09-19; journal 2015 855844
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABSOR AS. Revenue 1.16m NOK → 172.2k NOK (-85.2%). Net result +14.6k NOK → +49.6k NOK. Equity -166.3k NOK → -116.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +57.0k NOK → +87.7k NOK (op. margin 4.9% → 50.9%). Calculated
-
↑
Net result improved
Net result +14.6k NOK → +49.6k NOK (net margin 1.3% → 28.8%). Calculated
-
↑
Equity strengthened
Book equity -166.3k NOK → -116.7k NOK (equity ratio -35.1% → -20.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.16m NOK to 172.2k NOK (-85.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 111.0k NOK → 166.5k NOK (10% → 97% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 611.7k NOK → 517.9k NOK (-15.3% YoY). Calculated