Org.nr 976 758 757 2013 → 2014 Year-over-year analysis

AJOUR MEDIA AS: årsregnskap 2014 vs 2013

Weaker earnings

approved 2015-03-20; registry 2015-07-04; journal 2015 557965

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2014 with 2013 for AJOUR MEDIA AS. Revenue 1.88m NOK → 1.89m NOK (+0.4%). Net result +152.41bn NOK → +354.7k NOK. Equity 964.2k NOK → 1 168 NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AJOUR MEDIA AS.

Scorecard

Revenue
1.88m NOK 1.89m NOK
+0.4%
Operating result
+194.2k NOK n/m
—
Net result
+152.41bn NOK +354.7k NOK
-100.0%
Equity
964.2k NOK 1 168 NOK
-99.9%
Cash
1 123 NOK 1.40m NOK
+124934.1%
Total assets
1.31m NOK 1.51m NOK
+15.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.88m NOK to 1.89m NOK (+0.4% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1 123 NOK → 1.40m NOK (+124934.1% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.79× → 4.39×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +152.41bn NOK → +354.7k NOK (net margin 8093373.8% → 18.8%). Calculated

  • ↓

    Equity eroded

    Book equity 964.2k NOK → 1 168 NOK (equity ratio 73.7% → 0.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.15m NOK → 3.97m NOK (61% → 210% of revenue). Calculated