ADVICIA AS: årsregnskap 2014 vs 2013
Grew 18% on revenue, stronger earnings
approved 2015-03-20; registry 2015-04-07; journal 2015 341931
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVICIA AS. Revenue 4.66m NOK → 5.50m NOK (+18.0%). Net result +294.1k NOK → +642.1k NOK. Equity 214.0k NOK → 180.8k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVICIA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.66m NOK to 5.50m NOK (+18.0% YoY). Calculated
-
↑
Net result improved
Net result +294.1k NOK → +642.1k NOK (net margin 6.3% → 11.7%). Calculated
-
↑
Payroll decreased
Salary cost 2.66m NOK → 2.09m NOK (57% → 38% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 214.0k NOK → 180.8k NOK (equity ratio 11.9% → 8.1%). Calculated
-
↓
Cash fell
Bank deposits 890.2k NOK → 460.6k NOK (-48.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation