ACCESS! AS: årsregnskap 2014 vs 2013
Shrank 11% on revenue, slipped into loss
approved 2015-06-30; registry 2015-09-19; journal 2015 852382
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCESS! AS. Revenue 3.10m NOK → 2.77m NOK (-10.7%). Net result +427.1k NOK → -3.76m NOK. Equity 5.11m NOK → 1.34m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.49× → 2.84×. Calculated
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↑
Payroll decreased
Salary cost 1.53m NOK → 1.48m NOK (49% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.10m NOK to 2.77m NOK (-10.7% YoY). Calculated
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↓
Operating result weakened
Operating result +702.3k NOK → +313.4k NOK (op. margin 22.7% → 11.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 427.1k NOK profit to a loss of 3.76m NOK. Calculated
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↓
Equity eroded
Book equity 5.11m NOK → 1.34m NOK (equity ratio 82.6% → 51.7%). Calculated
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↓
COGS moved
COGS / varekostnad 29.9k NOK → 250.2k NOK (+735.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5.34m NOK → 2.02m NOK. Reported fact