ADMIRATION AS: årsregnskap 2014 vs 2013
Returned to profit
approved 2015-03-10; registry 2015-05-30; journal 2015 414773
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADMIRATION AS. Revenue 752.5k NOK → 737.1k NOK (-2.0%). Net result -11.0k NOK → +112.4k NOK. Equity 159.6k NOK → 30.0k NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADMIRATION AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 11.0k NOK to a profit of 112.4k NOK. Calculated
-
↑
Cash rose
Bank deposits 97.1k NOK → 140.2k NOK (+44.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 752.5k NOK to 737.1k NOK (-2.0% YoY). Calculated
-
↓
Equity eroded
Book equity 159.6k NOK → 30.0k NOK (equity ratio 100.0% → 9.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 159.6k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation