ADRIEN MANN AGENTURER AS: årsregnskap 2014 vs 2013
Grew 58% on revenue, returned to profit, cash halved-plus
approved 2015-02-28; registry 2015-03-26; journal 2015 337874
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADRIEN MANN AGENTURER AS. Revenue 1.27m NOK → 2.01m NOK (+57.8%). Net result -85.4k NOK → +95.5k NOK. Equity 103.5k NOK → 198.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADRIEN MANN AGENTURER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.27m NOK to 2.01m NOK (+57.8% YoY). Calculated
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Operating result improved
Operating result -79.6k NOK → +164.4k NOK (op. margin -6.3% → 8.2%). Calculated
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Turned profitable
Net result flipped from a loss of 85.4k NOK to a profit of 95.5k NOK. Calculated
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Equity strengthened
Book equity 103.5k NOK → 198.9k NOK (equity ratio 18.6% → 6.6%). Calculated
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Current ratio back above 1×
Current ratio 0.77× → 1.01×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 288.1k NOK → 55.5k NOK (-80.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation