AIR ENERGI NORWAY AS: årsregnskap 2014 vs 2013
Grew 1426576% on revenue
approved 2016-01-11; registry 2016-01-26; journal 2016 302199
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIR ENERGI NORWAY AS. Revenue 1 581 NOK → 22.56m NOK (+1426575.8%). Equity -2.45m NOK → -2.93m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AIR ENERGI NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 581 NOK to 22.56m NOK (+1426575.8% YoY). Calculated
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↑
Operating result improved
Operating result -1.78m NOK → -418.4k NOK (op. margin -112543.8% → -1.9%). Calculated
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↑
Cash rose
Bank deposits 84.6k NOK → 2.74m NOK (+3138.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -2.45m NOK → -2.93m NOK (equity ratio -162.0% → -29.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.48m NOK → 3.45m NOK (156552% → 15% of revenue). Calculated