ACCESSIT AS: årsregnskap 2014 vs 2013
Weaker earnings, cash halved-plus
approved 2015-06-01; registry 2015-11-11; journal 2015 952456
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCESSIT AS. Net result -19.7k NOK → -46.7k NOK. Equity 69.2k NOK → 22.5k NOK.
Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCESSIT AS.
At a glance
Scorecard
What deteriorated
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↓
Net result weakened
Net result -19.7k NOK → -46.7k NOK. Calculated
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↓
Equity eroded
Book equity 69.2k NOK → 22.5k NOK (equity ratio 63.4% → 5.3%). Calculated
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↓
Cash fell
Bank deposits 5 230 NOK → 1 011 NOK (-80.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.51× → 0.91× — 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 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 60.0k NOK. Reported fact