ABU ENTREPRENØR AS: årsregnskap 2014 vs 2013
Shrank 59% on revenue, cash halved-plus
approved 2015-06-30; registry 2015-09-26; journal 2015 883697
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABU ENTREPRENØR AS. Revenue 1.87m NOK → 772.9k NOK (-58.6%). Equity 220.9k NOK → -205.9k 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 ABU ENTREPRENØR AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.87m NOK to 772.9k NOK (-58.6% YoY). Calculated
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Equity eroded
Book equity 220.9k NOK → -205.9k NOK (equity ratio 8.8% → -44.0%). Calculated
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Cash fell
Bank deposits 270.7k NOK → 74.2k NOK (-72.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.08× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 274.6k NOK → 494.0k NOK (15% → 64% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -44.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 432.3k NOK → 209.7k NOK (-51.5% YoY). Calculated