AGRITRADE AS: årsregnskap 2014 vs 2013
Grew 8055% on revenue, weaker earnings, cash halved-plus
approved 2015-04-23; registry 2015-06-08; journal 2015 434670
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGRITRADE AS. Revenue 50.0k NOK → 4.08m NOK (+8054.9%). Net result -67.3k NOK → -700.8k NOK. Equity -37.3k NOK → -738.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRITRADE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 50.0k NOK to 4.08m NOK (+8054.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -1 444 NOK → -298.6k NOK (op. margin -2.9% → -7.3%). Calculated
-
↓
Net result weakened
Net result -67.3k NOK → -700.8k NOK (net margin -134.6% → -17.2%). Calculated
-
↓
Equity eroded
Book equity -37.3k NOK → -738.0k NOK (equity ratio -0.8% → -14.3%). Calculated
-
↓
Cash fell
Bank deposits 209.4k NOK → 24.0k NOK (-88.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -14.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 586 NOK → 8 594 NOK (1% → 0% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 40.0k NOK → 3.68m NOK (+9091.0% YoY). Calculated