ACTIVE BRANDS AS: årsregnskap 2014 vs 2013
Shrank 100% on revenue, returned to profit
approved 2015-06-30; registry 2015-08-18; journal 2015 722012
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACTIVE BRANDS AS. Revenue 320.47m NOK → 402.9k NOK (-99.9%). Net result -21.33m NOK → +9.13m NOK. Equity 8.13bn NOK → 181.9k NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ACTIVE BRANDS AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 21.33m NOK to a profit of 9.13m NOK. Calculated
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↑
Cash rose
Bank deposits 334.5k NOK → 2.50m NOK (+648.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 320.47m NOK to 402.9k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 8.13bn NOK → 181.9k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.54× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 70.21m NOK → 89.41m NOK (22% → 22193% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 205.2k NOK → 230.8k NOK (+12.5% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 186.48m NOK → 231.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 291.3k NOK → 72.39m NOK. Reported fact