ABYSSUS MARINE SERVICES AS: årsregnskap 2014 vs 2013
Grew 69% on revenue
approved 2015-06-30; registry 2015-09-05; journal 2015 795062
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABYSSUS MARINE SERVICES AS. Revenue 3.20m NOK → 5.40m NOK (+68.9%). Equity 661.7k NOK → 10 NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABYSSUS MARINE SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.20m NOK to 5.40m NOK (+68.9% YoY). Calculated
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↑
Cash rose
Bank deposits 791.6k NOK → 927.3k NOK (+17.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.97m NOK → 4.77m NOK (155% → 88% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 661.7k NOK → 10 NOK (equity ratio 13.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 411.9k NOK → 985.8k NOK (+139.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.67m NOK → 3.83m NOK. Reported fact