Org.nr 968 054 422 2013 → 2014 Year-over-year analysis

ADVANCED IMAGING AS: årsregnskap 2014 vs 2013

Grew 47% on revenue

approved 2015-03-03; registry 2015-07-04; journal 2015 558845

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2014 with 2013 for ADVANCED IMAGING AS. Revenue 479.6k NOK → 704.8k NOK (+46.9%). Equity 1.23m NOK → 11.8k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVANCED IMAGING AS.

Scorecard

Revenue
479.6k NOK 704.8k NOK
+46.9%
Operating result
+171.7k NOK +464.2k NOK
+170.4%
Equity
1.23m NOK 11.8k NOK
-99.0%
Cash
623.3k NOK 670.2k NOK
+7.5%
Total assets
1.90m NOK 2.30m NOK
+20.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 479.6k NOK to 704.8k NOK (+46.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +171.7k NOK → +464.2k NOK (op. margin 35.8% → 65.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 623.3k NOK → 670.2k NOK (+7.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.23m NOK → 11.8k NOK (equity ratio 64.6% → 0.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 461.2k NOK → 935.5k NOK (96% → 133% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 545.0k NOK → 50.0k NOK. Reported fact