AIZOON AS: årsregnskap 2014 vs 2013
Grew 333% on revenue, stronger earnings
approved 2015-03-31; registry 2015-04-18; journal 2015 359177
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIZOON AS. Revenue 632.7k NOK → 2.74m NOK (+332.7%). Net result +760.8k NOK → +2.48m NOK. Equity 416.6k NOK → -544.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIZOON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 632.7k NOK to 2.74m NOK (+332.7% YoY). Calculated
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Operating result improved
Operating result +2 189 NOK → +1.04m NOK (op. margin 0.3% → 37.8%). Calculated
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Net result improved
Net result +760.8k NOK → +2.48m NOK (net margin 120.2% → 90.6%). Calculated
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Cash rose
Bank deposits 347 NOK → 672.3k NOK (+193659.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.08× → 1.26×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 416.6k NOK → -544.1k NOK (equity ratio 4.7% → -5.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 2.23m NOK → 2 235 NOK. Reported fact