ACANTHUS UTVIKLING AS: årsregnskap 2014 vs 2013
Shrank 96% on revenue, returned to profit, cash halved-plus
approved 2015-04-29; registry 2015-08-25; journal 2015 744682
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACANTHUS UTVIKLING AS. Revenue 82.96m NOK → 3.72m NOK (-95.5%). Net result -656.1k NOK → +1.15m NOK. Equity 11.74m NOK → 11.28m NOK.
On the constructive side: turned profitable; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ACANTHUS UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 656.1k NOK to a profit of 1.15m NOK. Calculated
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Current ratio back above 1×
Current ratio 0.91× → 12.15×. Calculated
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Payroll decreased
Salary cost 531.1k NOK → 407.0k NOK (1% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 82.96m NOK to 3.72m NOK (-95.5% YoY). Calculated
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↓
Equity eroded
Book equity 11.74m NOK → 11.28m NOK (equity ratio 36.2% → 35.6%). Calculated
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↓
Cash fell
Bank deposits 1.08m NOK → 352.2k NOK (-67.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.08m NOK → 352.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 281.3k NOK → 147.3k NOK (-47.6% YoY). Calculated