ADVANTEK ENGINEERING AS: årsregnskap 2014 vs 2013
Grew 68% on revenue, weaker earnings
approved 2015-05-21; registry 2015-06-22; journal 2015 501013
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVANTEK ENGINEERING AS. Revenue 13.00m NOK → 21.82m NOK (+67.9%). Net result +277.5k NOK → +2 429 NOK. Equity 675.7k NOK → 108.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVANTEK ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.00m NOK to 21.82m NOK (+67.9% YoY). Calculated
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↑
Cash rose
Bank deposits 298.2k NOK → 1.98m NOK (+564.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +277.5k NOK → +2 429 NOK (net margin 2.1% → 0.0%). Calculated
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↓
Equity eroded
Book equity 675.7k NOK → 108.3k NOK (equity ratio 10.0% → 1.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 9.01m NOK → 17.50m NOK (69% → 80% of revenue). Calculated