ACME BUSS AS: årsregnskap 2014 vs 2013
Shrank 85% on revenue, slipped into loss
approved 2015-06-12; registry 2015-08-25; journal 2015 745884
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACME BUSS AS. Revenue 6.07m NOK → 926.5k NOK (-84.7%). Net result +120.4k NOK → -146.5k NOK. Equity 417.8k NOK → 271.3k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACME BUSS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 126.2k NOK → 289.4k NOK (+129.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.19×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.07m NOK to 926.5k NOK (-84.7% YoY). Calculated
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↓
Operating result weakened
Operating result +232.9k NOK → +2 486 NOK (op. margin 3.8% → 0.3%). Calculated
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Fell into a net loss
Net result flipped from 120.4k NOK profit to a loss of 146.5k NOK. Calculated
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↓
Equity eroded
Book equity 417.8k NOK → 271.3k NOK (equity ratio 9.6% → 7.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.06m NOK → 2.69m NOK (34% → 290% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 407.1k NOK → 320.0k NOK (-21.4% YoY). Calculated