ADVISTA AS: årsregnskap 2014 vs 2013
Shrank 52% on revenue, cash halved-plus
approved 2015-05-20; registry 2015-08-13; journal 2015 712138
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVISTA AS. Revenue 11.00m NOK → 5.28m NOK (-52.0%). Equity 37.15m NOK → 11.73m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVISTA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 9.37m NOK → 2.58m NOK (85% → 49% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.00m NOK to 5.28m NOK (-52.0% YoY). Calculated
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↓
Equity eroded
Book equity 37.15m NOK → 11.73m NOK (equity ratio 228.8% → 69.5%). Calculated
-
↓
Cash fell
Bank deposits 2.67m NOK → 779.0k NOK (-70.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.67m NOK → 779.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 83.3k NOK → 1.65m NOK. Reported fact