ACCOUNTOR CREDIT GROUP AS: årsregnskap 2014 vs 2013
Shrank 42% on revenue, weaker earnings
approved 2015-02-11; registry 2015-04-28; journal 2015 371254
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCOUNTOR CREDIT GROUP AS. Revenue 196.3k NOK → 114.8k NOK (-41.5%). Net result -110.1k NOK → -161.6k NOK. Equity 6.95m NOK → 7.79m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCOUNTOR CREDIT GROUP AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 6.95m NOK → 7.79m NOK (equity ratio 70.8% → 79.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 7.55m NOK → 8.55m NOK (+1.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 196.3k NOK to 114.8k NOK (-41.5% YoY). Calculated
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↓
Operating result weakened
Operating result -37.9k NOK → -105.3k NOK (op. margin -19.3% → -91.7%). Calculated
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↓
Net result weakened
Net result -110.1k NOK → -161.6k NOK (net margin -56.1% → -140.8%). Calculated
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↓
Cash fell
Bank deposits 26.0k NOK → 17.6k NOK (-32.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.96× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 87.9k NOK → 75.5k NOK (-14.1% YoY). Calculated