ACCELERATOR AS: årsregnskap 2014 vs 2013
Grew 6% on revenue
approved 2015-05-26; registry 2015-09-29; journal 2015 892228
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCELERATOR AS. Revenue 45.70m NOK → 48.64m NOK (+6.4%). Equity 1.30m NOK → -1.29m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCELERATOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 45.70m NOK to 48.64m NOK (+6.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.30m NOK → -1.29m NOK (equity ratio 13.2% → -13.3%). Calculated
-
↓
Cash fell
Bank deposits 1.85m NOK → 1.70m NOK (-8.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 11.46m NOK → 12.92m NOK (25% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 24.55m NOK → 28.59m NOK (+16.4% YoY). Calculated