ACCEPT ELEKTRO OG AUTOMASJON AS: årsregnskap 2014 vs 2013
Shrank 59% on revenue, weaker earnings, cash halved-plus
approved 2015-04-14; registry 2015-05-02; journal 2015 376391
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCEPT ELEKTRO OG AUTOMASJON AS. Revenue 1.53m NOK → 627.1k NOK (-59.0%). Net result +381.9k NOK → +66.7k NOK. Equity -866.5k NOK → -799.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCEPT ELEKTRO OG AUTOMASJON AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -866.5k NOK → -799.8k NOK (equity ratio -82.4% → -229.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.53m NOK to 627.1k NOK (-59.0% YoY). Calculated
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↓
Net result weakened
Net result +381.9k NOK → +66.7k NOK (net margin 25.0% → 10.6%). Calculated
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↓
Cash fell
Bank deposits 660.2k NOK → 259.9k NOK (-60.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 12.25m NOK (0% → 1953% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -229.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 26.5k NOK → 2 117 NOK (-92.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 28.9k NOK → 11.0k NOK. Reported fact