ACCESS ADVENTURES AS: årsregnskap 2014 vs 2013
Shrank 80% on revenue, cash halved-plus
approved 2016-02-05; registry 2016-02-11; journal 2016 305766
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCESS ADVENTURES AS. Revenue 4.82m NOK → 958.2k NOK (-80.1%). Equity 806.4k NOK → 1.45m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS ADVENTURES AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 806.4k NOK → 1.45m NOK (equity ratio 13.6% → 56.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.82m NOK to 958.2k NOK (-80.1% YoY). Calculated
-
↓
Cash fell
Bank deposits 994.9k NOK → 477.4k NOK (-52.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.03× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 233.1k NOK → 8.88m NOK (5% → 927% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 17.1k NOK → 76.5k NOK (+347.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 322.6k NOK → 365.6k NOK. Reported fact