ACTIVATE AS: årsregnskap 2014 vs 2013
Cash halved-plus
approved 2015-05-22; registry 2015-06-17; journal 2015 469650
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACTIVATE AS. Revenue 6.49m NOK → 6.64m NOK (+2.3%). Equity 6.18m NOK → 189.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for ACTIVATE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.49m NOK to 6.64m NOK (+2.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.93m NOK → 751.8k NOK (45% → 11% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.18m NOK → 189.0k NOK (equity ratio 151.0% → 6.1%). Calculated
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↓
Cash fell
Bank deposits 1.61m NOK → 309.5k NOK (-80.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.61m NOK → 309.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 2.46m NOK → 3.86m NOK (+57.2% YoY). Calculated