ADVASAN MEDICAL GROUP AS: årsregnskap 2014 vs 2013
Shrank 95% on revenue, stronger earnings, cash halved-plus
approved 2015-05-12; registry 2015-09-15; journal 2015 832148
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVASAN MEDICAL GROUP AS. Revenue 110.1k NOK → 5 872 NOK (-94.7%). Net result -46.3k NOK → -11.2k NOK. Equity 13.4k NOK → 2 213 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVASAN MEDICAL GROUP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -46.2k NOK → -11.3k NOK (op. margin -42.0% → -192.9%). Calculated
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↑
Net result improved
Net result -46.3k NOK → -11.2k NOK (net margin -42.0% → -190.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 110.1k NOK to 5 872 NOK (-94.7% YoY). Calculated
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↓
Equity eroded
Book equity 13.4k NOK → 2 213 NOK (equity ratio 17.2% → 4.7%). Calculated
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↓
Cash fell
Bank deposits 51.4k NOK → 7 901 NOK (-84.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 45.4k NOK → 57.0k NOK (41% → 972% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 75.1k NOK → 4 604 NOK (-93.9% YoY). Calculated