ACTRONICS AS: årsregnskap 2014 vs 2013
Grew 684% on revenue
approved 2014-12-31; registry 2015-07-30; journal 2015 670898
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACTRONICS AS. Revenue 220.2k NOK → 1.73m NOK (+684.1%). Equity -151.4k NOK → -379.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACTRONICS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 220.2k NOK to 1.73m NOK (+684.1% YoY). Calculated
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↑
Operating result improved
Operating result -99.5k NOK → +99.5k NOK (op. margin -45.2% → 5.8%). Calculated
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↑
Cash rose
Bank deposits 154.1k NOK → 538.4k NOK (+249.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.74× → 3.94×. Calculated
What deteriorated
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↓
Equity eroded
Book equity -151.4k NOK → -379.1k NOK (equity ratio -36.1% → -45.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -45.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.04bn NOK → 1.32m NOK (-99.9% YoY). Calculated