AJS INVEST AS: årsregnskap 2014 vs 2013
Shrank 11% on revenue, weaker earnings, cash halved-plus
approved 2015-06-30; registry 2015-09-12; journal 2015 823576
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AJS INVEST AS. Revenue 9.00m NOK → 8.00m NOK (-11.1%). Net result +7.67m NOK → +5.50m NOK. Equity 22.11m NOK → 16.42m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AJS INVEST AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 8 255 NOK → 8 NOK (0% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.00m NOK to 8.00m NOK (-11.1% YoY). Calculated
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↓
Operating result weakened
Operating result +8.97m NOK → +7.98m NOK (op. margin 99.6% → 99.7%). Calculated
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↓
Net result weakened
Net result +7.67m NOK → +5.50m NOK (net margin 85.3% → 68.8%). Calculated
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↓
Equity eroded
Book equity 22.11m NOK → 16.42m NOK (equity ratio 86.2% → 82.3%). Calculated
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↓
Cash fell
Bank deposits 14.69m NOK → 4.70m NOK (-68.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (14.69m NOK → 4.70m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3.84m NOK → 6.84m NOK. Reported fact