Org.nr 939 611 908 2013 → 2014 Year-over-year analysis

ADMIT AS: årsregnskap 2014 vs 2013

Grew 369% on revenue, cash halved-plus

approved 2015-06-22; registry 2015-08-20; journal 2015 729042

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADMIT AS. Revenue 336.1k NOK → 1.58m NOK (+368.6%). Equity 2.16m NOK → 1.96m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADMIT AS.

At a glance

Revenue

336.1k NOK 1.58m NOK

+368.6%

Operating result

-895.2k NOK n/m

—

Net result

n/m -204.8k NOK

—

Equity

2.16m NOK 1.96m NOK

-9.5%

Cash

59.4k NOK 2 337 NOK

-96.1%

Total assets

3.46m NOK 3.46m NOK

-0.2%

↑
Revenue rose

Operating income / revenue moved from 336.1k NOK to 1.58m NOK (+368.6% YoY). Calculated

↓
Equity eroded

Book equity 2.16m NOK → 1.96m NOK (equity ratio 62.4% → 56.6%). Calculated
↓
Cash fell

Bank deposits 59.4k NOK → 2 337 NOK (-96.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 64.59× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS moved

COGS / varekostnad 1.69m NOK → 2.02m NOK (+19.3% YoY). Calculated
·
Book investments changed

Investment / intangible book value 1.77m NOK → 200.0k NOK. Reported fact