AC DESIGNTECH AS: årsregnskap 2014 vs 2013
Shrank 13% on revenue, slipped into loss
approved 2015-06-03; registry 2015-09-15; journal 2015 832024
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AC DESIGNTECH AS. Revenue 281.5k NOK → 244.0k NOK (-13.3%). Net result +155.39bn NOK → -470.83m NOK. Equity 373.0k NOK → -97.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AC DESIGNTECH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 12.4k NOK → 44.4k NOK (+259.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 281.5k NOK to 244.0k NOK (-13.3% YoY). Calculated
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↓
Operating result weakened
Operating result +221.0k NOK → -83.17m NOK (op. margin 78.5% → -34085.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 155.39bn NOK profit to a loss of 470.83m NOK. Calculated
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↓
Equity eroded
Book equity 373.0k NOK → -97.8k NOK (equity ratio 71.3% → -50.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -50.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 420 NOK → 8 420 NOK. Reported fact