ACTUATOR AS: årsregnskap 2014 vs 2013
Shrank 10% on revenue, slipped into loss
approved 2015-05-15; registry 2015-06-20; journal 2015 493718
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACTUATOR AS. Revenue 685.6k NOK → 615.1k NOK (-10.3%). Net result +10.8k NOK → -34.2k NOK. Equity 40.8k NOK → 6 609 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTUATOR AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 24.4k NOK → 54.8k NOK (+124.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 685.6k NOK to 615.1k NOK (-10.3% YoY). Calculated
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↓
Operating result weakened
Operating result +14.8k NOK → -34.4k NOK (op. margin 2.2% → -5.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 10.8k NOK profit to a loss of 34.2k NOK. Calculated
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↓
Equity eroded
Book equity 40.8k NOK → 6 609 NOK (equity ratio 27.6% → 4.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 10.56× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation