Org.nr 981 375 793 2013 → 2014 Year-over-year analysis

ACE GOLF AS: årsregnskap 2014 vs 2013

Mixed movements in the accounts

approved 2015-06-10; registry 2015-06-30; journal 2015 540078

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ACE GOLF AS. Revenue 4.98m NOK → 5.21m NOK (+4.8%). Equity 804.3k NOK → 33.0k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACE GOLF AS.

At a glance

Revenue

4.98m NOK 5.21m NOK

+4.8%

Operating result

-152.0k NOK n/m

—

Equity

804.3k NOK 33.0k NOK

-95.9%

Cash

53.1k NOK 5.47m NOK

+10194.2%

Total assets

1.15m NOK 1.26m NOK

+9.7%

↑
Revenue rose

Operating income / revenue moved from 4.98m NOK to 5.21m NOK (+4.8% YoY). Calculated
↑
Cash rose

Bank deposits 53.1k NOK → 5.47m NOK (+10194.2% YoY). Calculated

↓
Equity eroded

Book equity 804.3k NOK → 33.0k NOK (equity ratio 69.9% → 2.6%). Calculated

·
Thin equity buffer

Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 1.68m NOK → 1.70m NOK (34% → 33% of revenue). Calculated
·
COGS fell

COGS / varekostnad 2.75m NOK → 2.57m NOK (-6.7% YoY). Calculated