AGERA FORVALTNING AS: årsregnskap 2014 vs 2013
Grew 457% on revenue, weaker earnings, cash halved-plus
approved 2015-03-04; registry 2015-07-18; journal 2015 608399
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGERA FORVALTNING AS. Revenue 597.4k NOK → 3.33m NOK (+457.2%). Net result +136.5k NOK → +76.2k NOK. Equity 100.9k NOK → 24.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGERA FORVALTNING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 597.4k NOK to 3.33m NOK (+457.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +157.9k NOK → +80.4k NOK (op. margin 26.4% → 2.4%). Calculated
-
↓
Net result weakened
Net result +136.5k NOK → +76.2k NOK (net margin 22.8% → 2.3%). Calculated
-
↓
Equity eroded
Book equity 100.9k NOK → 24.6k NOK (equity ratio 11.3% → 6.4%). Calculated
-
↓
Cash fell
Bank deposits 194.2k NOK → 27.6k NOK (-85.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 7.09m NOK → 2.75m NOK (-61.2% YoY). Calculated