ADVISENSE AS: årsregnskap 2014 vs 2013
Grew 18480% on revenue, slipped into loss
approved 2015-04-21; registry 2015-09-05; journal 2015 792190
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVISENSE AS. Revenue 20.9k NOK → 3.89m NOK (+18479.9%). Net result +223.8k NOK → -702.2k NOK. Equity 7.27m NOK → 6 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVISENSE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.9k NOK to 3.89m NOK (+18479.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -294.0k NOK → -613.6k NOK (op. margin -1405.5% → -15.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 223.8k NOK profit to a loss of 702.2k NOK. Calculated
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↓
Equity eroded
Book equity 7.27m NOK → 6 NOK (equity ratio 483.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 595.9k NOK → 404.0k NOK (-32.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 449 NOK → 3.18m NOK (7% → 82% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 223.7k NOK → 72.0k NOK (-67.8% YoY). Calculated