AGIO VENTURE AS: årsregnskap 2014 vs 2013
Grew 45% on revenue, returned to profit, cash halved-plus
approved 2015-04-07; registry 2015-04-14; journal 2015 353330
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGIO VENTURE AS. Revenue 13.1k NOK → 19.0k NOK (+44.8%). Net result -1 765 NOK → +18.6k NOK. Equity -275.7k NOK → -257.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGIO VENTURE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.1k NOK to 19.0k NOK (+44.8% YoY). Calculated
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Operating result improved
Operating result +1 766 NOK → +18.6k NOK (op. margin 13.5% → 97.9%). Calculated
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Turned profitable
Net result flipped from a loss of 1 765 NOK to a profit of 18.6k NOK. Calculated
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Equity strengthened
Book equity -275.7k NOK → -257.1k NOK (equity ratio -2386.8% → -45105.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 8 493 NOK → 570 NOK (-93.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -45105.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation