ADVANCE BUSINESS PARTNER AS: årsregnskap 2014 vs 2013
Weaker earnings
approved 2015-02-13; registry 2015-03-16; journal 2015 326128
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVANCE BUSINESS PARTNER AS. Revenue 16.79m NOK → 16.99m NOK (+1.2%). Net result +29.8k NOK → +13.6k NOK. Equity 856.1k NOK → 151.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVANCE BUSINESS PARTNER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.79m NOK to 16.99m NOK (+1.2% YoY). Calculated
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↑
Cash rose
Bank deposits 1 121 NOK → 137.6k NOK (+12170.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +34.6k NOK → +552 NOK (op. margin 0.2% → 0.0%). Calculated
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↓
Net result weakened
Net result +29.8k NOK → +13.6k NOK (net margin 0.2% → 0.1%). Calculated
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↓
Equity eroded
Book equity 856.1k NOK → 151.7k NOK (equity ratio 25.9% → 4.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 247.1k NOK → 151.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 348.1k NOK → 2.21bn NOK (2% → 12975% of revenue). Calculated