AK SKOG AS: årsregnskap 2014 vs 2013
Grew 16% on revenue
approved 2015-05-20; registry 2015-08-26; journal 2015 749126
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AK SKOG AS. Revenue 2.99m NOK → 3.45m NOK (+15.5%). Equity 113.5k NOK → -366.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AK SKOG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.99m NOK to 3.45m NOK (+15.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.92m NOK → 1 NOK (64% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 113.5k NOK → -366.2k NOK (equity ratio 93.7% → -31.9%). Calculated
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↓
Cash fell
Bank deposits 245.4k NOK → 196.3k NOK (-20.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 91.94× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 77.9k NOK → 52.2k NOK. Reported fact