AGENTURER AS: årsregnskap 2014 vs 2013
Grew 201% on revenue, cash halved-plus
approved 2015-06-30; registry 2015-10-07; journal 2015 919106
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGENTURER AS. Revenue 111.8k NOK → 336.2k NOK (+200.7%). Net result -16.1k NOK → -21.2k NOK. Equity 13.9k NOK → -7 379 NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGENTURER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 111.8k NOK to 336.2k NOK (+200.7% YoY). Calculated
-
↑
Operating result improved
Operating result -16.2k NOK → -5 615 NOK (op. margin -14.4% → -1.7%). Calculated
What deteriorated
-
↓
Net result weakened
Net result -16.1k NOK → -21.2k NOK (net margin -14.4% → -6.3%). Calculated
-
↓
Equity eroded
Book equity 13.9k NOK → -7 379 NOK (equity ratio 50.7% → -18.4%). Calculated
-
↓
Cash fell
Bank deposits 12.2k NOK → 816 NOK (-93.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.03× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -18.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 8 818 NOK → 21.2k NOK (8% → 6% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 68.7k NOK → 131.3k NOK (+91.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 0 NOK → 3 470 NOK. Reported fact