ACTION TRANSPORT AS: årsregnskap 2014 vs 2013
Stronger earnings
approved 2015-06-30; registry 2015-10-22; journal 2015 946158
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACTION TRANSPORT AS. Revenue 31.11m NOK → 30.87m NOK (-0.8%). Net result +74.6k NOK → +1.58m NOK. Equity 858.5k NOK → 52.0k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTION TRANSPORT AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +74.6k NOK → +1.58m NOK (net margin 0.2% → 5.1%). Calculated
-
↑
Cash rose
Bank deposits 9 326 NOK → 975.4k NOK (+10358.6% YoY). Calculated
-
↑
Payroll decreased
Salary cost 17.07m NOK → 16.82m NOK (55% → 54% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 31.11m NOK to 30.87m NOK (-0.8% YoY). Calculated
-
↓
Equity eroded
Book equity 858.5k NOK → 52.0k NOK (equity ratio 10.5% → 0.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 5.97m NOK → 4.06m NOK (-32.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 3.02m NOK → 5 NOK. Reported fact