FirmaIQ
Org.nr 983 361 161 2013 → 2014 Year-over-year analysis

ADVANCED MACHINE COMPANY AS: årsregnskap 2014 vs 2013

Shrank 41% on revenue, weaker earnings, cash halved-plus

approved 2015-02-27; registry 2015-07-15; journal 2015 600557

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADVANCED MACHINE COMPANY AS. Revenue 24.41m NOK → 14.47m NOK (-40.7%). Net result +3.08m NOK → +1.24m NOK. Equity 5.46m NOK → 4.22m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.

At a glance

Scorecard

Revenue
24.41m NOK 14.47m NOK
-40.7%
Operating result
+4.08m NOK +1.78m NOK
-56.3%
Net result
+3.08m NOK +1.24m NOK
-59.9%
Equity
5.46m NOK 4.22m NOK
-22.7%
Cash
7.53m NOK 2.13m NOK
-71.7%
Total assets
10.69m NOK 6.78m NOK
-36.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.41m NOK to 14.47m NOK (-40.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.08m NOK → +1.78m NOK (op. margin 16.7% → 12.3%). Calculated

  • ↓

    Net result weakened

    Net result +3.08m NOK → +1.24m NOK (net margin 12.6% → 8.5%). Calculated

  • ↓

    Equity eroded

    Book equity 5.46m NOK → 4.22m NOK (equity ratio 51.0% → 62.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.53m NOK → 2.13m NOK (-71.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (7.53m NOK → 2.13m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 10.80m NOK → 6.92m NOK (-35.9% YoY). Calculated