AGROVIN AS: årsregnskap 2014 vs 2013
Shrank 18% on revenue, slipped into loss, cash halved-plus
approved 2015-06-26; registry 2015-07-22; journal 2015 632168
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AGROVIN AS. Revenue 4.31m NOK → 3.53m NOK (-18.0%). Net result +305.8k NOK → -77.7k NOK. Equity 4.01m NOK → 3.93m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.50×. Calculated
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↑
Payroll decreased
Salary cost 786.6k NOK → 314.6k NOK (18% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.31m NOK to 3.53m NOK (-18.0% YoY). Calculated
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↓
Operating result weakened
Operating result +427.9k NOK → -103.8k NOK (op. margin 9.9% → -2.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 305.8k NOK profit to a loss of 77.7k NOK. Calculated
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↓
Equity eroded
Book equity 4.01m NOK → 3.93m NOK (equity ratio 65.1% → 73.8%). Calculated
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↓
Cash fell
Bank deposits 23.2k NOK → 10.2k NOK (-56.0% YoY). Calculated