AIRGENIC AS: årsregnskap 2014 vs 2013
Shrank 23% on revenue, slipped into loss
approved 2015-06-18; registry 2015-07-14; journal 2015 595052
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIRGENIC AS. Revenue 5.44m NOK → 4.20m NOK (-22.9%). Net result +143.9k NOK → -51.3k NOK. Equity 38.9k NOK → 987.6k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRGENIC AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 38.9k NOK → 987.6k NOK (equity ratio 2.2% → 56.9%). Calculated
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↑
Cash rose
Bank deposits 294.0k NOK → 353.1k NOK (+20.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.52m NOK → 2.02m NOK (46% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.44m NOK to 4.20m NOK (-22.9% YoY). Calculated
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↓
Operating result weakened
Operating result +161.6k NOK → -89.9k NOK (op. margin 3.0% → -2.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 143.9k NOK profit to a loss of 51.3k NOK. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.82m NOK → 1.27m NOK (-30.2% YoY). Calculated