Org.nr 989 843 052 2013 → 2014 Year-over-year analysis

ABUELO FINANS AS: årsregnskap 2014 vs 2013

Stronger earnings

approved 2015-03-31; registry 2015-04-15; journal 2015 355140

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABUELO FINANS AS. Net result +28.1k NOK → +326.4k NOK. Equity 729.1k NOK → 55.6k NOK.

On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABUELO FINANS AS.

At a glance

Revenue

n/m 3 NOK

—

Operating result

-5 237 NOK -2 687 NOK

+48.7%

Net result

+28.1k NOK +326.4k NOK

+1063.6%

Equity

729.1k NOK 55.6k NOK

-92.4%

Cash

3 551 NOK 2 069 NOK

-41.7%

Total assets

288.6k NOK 2.08m NOK

+621.9%

↑
Operating result improved

Operating result -5 237 NOK → -2 687 NOK. Calculated
↑
Net result improved

Net result +28.1k NOK → +326.4k NOK. Calculated
↑
Current ratio back above 1×

Current ratio 0.52× → 75.79×. Calculated

↓
Equity eroded

Book equity 729.1k NOK → 55.6k NOK (equity ratio 252.7% → 2.7%). Calculated
↓
Cash fell

Bank deposits 3 551 NOK → 2 069 NOK (-41.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation