ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2014 vs 2013
Shrank 60% on revenue, slipped into loss
approved 2015-08-28; registry 2015-09-23; journal 2015 864326
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADD ON FITNESS INTERNATIONAL AS. Revenue 474.3k NOK → 190.4k NOK (-59.9%). Net result +144.4k NOK → -410.6k NOK. Equity 1.34m NOK → 6.93m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADD ON FITNESS INTERNATIONAL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.34m NOK → 6.93m NOK (equity ratio 71.8% → 453.0%). Calculated
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↑
Cash rose
Bank deposits 136.8k NOK → 173.8k NOK (+27.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.61× → 1.06×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 474.3k NOK to 190.4k NOK (-59.9% YoY). Calculated
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↓
Operating result weakened
Operating result +191.4k NOK → +151.8k NOK (op. margin 40.3% → 79.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 144.4k NOK profit to a loss of 410.6k NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 240.6k NOK → 922.8k NOK (51% → 485% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.55m NOK → 1.00m NOK. Reported fact