AIIE INVEST AS: årsregnskap 2014 vs 2013
Grew 28% on revenue, stronger earnings
approved 2015-06-27; registry 2015-07-16; journal 2015 605323
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIIE INVEST AS. Revenue 5.43m NOK → 6.95m NOK (+27.9%). Net result +322.9k NOK → +724.42m NOK. Equity 793.7k NOK → 18.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIIE INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.43m NOK to 6.95m NOK (+27.9% YoY). Calculated
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Operating result improved
Operating result +448.8k NOK → +1.03bn NOK (op. margin 8.3% → 14866.4%). Calculated
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Net result improved
Net result +322.9k NOK → +724.42m NOK (net margin 5.9% → 10422.6%). Calculated
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Cash rose
Bank deposits 303.6k NOK → 310.6k NOK (+2.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.93× → 2.59×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 793.7k NOK → 18.1k NOK (equity ratio 56.7% → 0.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.23m NOK → 1.70m NOK (23% → 24% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.24m NOK → 2.27m NOK (+1.1% YoY). Calculated