Org.nr 989 502 581 2013 → 2014 Year-over-year analysis

AE RESTAURANTDRIFT AS: årsregnskap 2014 vs 2013

Shrank 19% on revenue, cash halved-plus

approved 2015-05-15; registry 2015-09-16; journal 2015 840026

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for AE RESTAURANTDRIFT AS. Revenue 22.74m NOK → 18.34m NOK (-19.4%). Equity 139.2k NOK → -257.1k NOK.

On the constructive side: payroll decreased. 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 AE RESTAURANTDRIFT AS.

At a glance

Revenue

22.74m NOK 18.34m NOK

-19.4%

Operating result

+542.3k NOK n/m

—

Equity

139.2k NOK -257.1k NOK

-284.7%

Cash

998.2k NOK 414.0k NOK

-58.5%

Total assets

3.52m NOK 2.54m NOK

-27.9%

↑
Payroll decreased

Salary cost 7.66m NOK → 6.16m NOK (34% → 34% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 22.74m NOK to 18.34m NOK (-19.4% YoY). Calculated
↓
Equity eroded

Book equity 139.2k NOK → -257.1k NOK (equity ratio 3.9% → -10.1%). Calculated
↓
Cash fell

Bank deposits 998.2k NOK → 414.0k NOK (-58.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is -10.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 6.19m NOK → 4.66m NOK (-24.7% YoY). Calculated