ACCRUE AS: årsregnskap 2014 vs 2013
Grew 137% on revenue, stronger earnings
approved 2015-02-10; registry 2015-07-29; journal 2015 662333
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCRUE AS. Revenue 183.1k NOK → 434.5k NOK (+137.3%). Net result +43.4k NOK → +239.9k NOK. Equity 67.7k NOK → 30.6k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCRUE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 183.1k NOK to 434.5k NOK (+137.3% YoY). Calculated
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Net result improved
Net result +43.4k NOK → +239.9k NOK (net margin 23.7% → 55.2%). Calculated
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Cash rose
Bank deposits 128.5k NOK → 325.0k NOK (+152.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 121.4k NOK → 11.4k NOK (66% → 3% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 67.7k NOK → 30.6k NOK (equity ratio 32.8% → 5.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation