AIRFLOW FILTER AS: årsregnskap 2014 vs 2013
Shrank 74% on revenue, stronger earnings
approved 2015-09-30; registry 2015-10-17; journal 2015 941448
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIRFLOW FILTER AS. Revenue 3.88m NOK → 1.01m NOK (-73.9%). Net result +33.2k NOK → +86.5k NOK. Equity 80.1k NOK → 166.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -13.3k NOK → +110.0k NOK (op. margin -0.3% → 10.9%). Calculated
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↑
Net result improved
Net result +33.2k NOK → +86.5k NOK (net margin 0.9% → 8.6%). Calculated
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Equity strengthened
Book equity 80.1k NOK → 166.6k NOK (equity ratio 28.5% → 66.7%). Calculated
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Cash rose
Bank deposits 44.1k NOK → 187.1k NOK (+324.2% YoY). Calculated
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Payroll decreased
Salary cost 4.56m NOK → 4 558 NOK (118% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.88m NOK to 1.01m NOK (-73.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.01m NOK → 764.9k NOK (-74.6% YoY). Calculated