AK MUR AS: årsregnskap 2014 vs 2013
Shrank 50% on revenue, stronger earnings
approved 2015-05-18; registry 2015-09-05; journal 2015 791026
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AK MUR AS. Revenue 2.49m NOK → 1.24m NOK (-50.3%). Net result +24.9k NOK → +150.5k NOK. Equity 46.1k NOK → -104.4k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK MUR AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +24.9k NOK → +150.5k NOK (net margin 1.0% → 12.2%). Calculated
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Cash rose
Bank deposits 37.1k NOK → 78.6k NOK (+112.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.49m NOK to 1.24m NOK (-50.3% YoY). Calculated
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↓
Equity eroded
Book equity 46.1k NOK → -104.4k NOK (equity ratio 10.8% → -39.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 144.6k NOK → 387.5k NOK (+168.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -39.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation