ACCOUNTOR VAT-SERVICE AS: årsregnskap 2014 vs 2013
Grew 20% on revenue, stronger earnings, cash halved-plus
approved 2015-05-20; registry 2015-07-27; journal 2015 651513
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCOUNTOR VAT-SERVICE AS. Revenue 2.44m NOK → 2.93m NOK (+19.8%). Net result +600.5k NOK → +734.8k NOK. Equity 155.5k NOK → 160.3k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACCOUNTOR VAT-SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.44m NOK to 2.93m NOK (+19.8% YoY). Calculated
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↑
Net result improved
Net result +600.5k NOK → +734.8k NOK (net margin 24.6% → 25.1%). Calculated
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↑
Equity strengthened
Book equity 155.5k NOK → 160.3k NOK (equity ratio 7.3% → 3.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +854.2k NOK → +60.3k NOK (op. margin 35.0% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 794.2k NOK → 210.9k NOK (-73.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.48m NOK → 1.77m NOK (61% → 61% of revenue). Calculated