ADMIN AS: årsregnskap 2014 vs 2013
Cash halved-plus
approved 2015-06-30; registry 2015-09-05; journal 2015 792080
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADMIN AS. Equity 37.5k NOK → 3 009 NOK.
Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
Equity
37.5k NOK
3 009 NOK
-92.0%
Cash
7 453 NOK
3 667 NOK
-50.8%
Total assets
155.7k NOK
63.2k NOK
-59.4%
What deteriorated
-
↓
Equity eroded
Book equity 37.5k NOK → 3 009 NOK (equity ratio 24.1% → 4.8%). Calculated
-
↓
Cash fell
Bank deposits 7 453 NOK → 3 667 NOK (-50.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation