Org.nr 995 413 310 2013 → 2014 Year-over-year analysis

AKADEMIET FOR PERSONLIG TRENING AS: årsregnskap 2014 vs 2013

Grew 26% on revenue

approved 2015-04-10; registry 2015-05-30; journal 2015 414215

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for AKADEMIET FOR PERSONLIG TRENING AS. Revenue 17.89m NOK → 22.47m NOK (+25.6%). Equity 1.37m NOK → 1.05m NOK.

On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET FOR PERSONLIG TRENING AS.

At a glance

Revenue

17.89m NOK 22.47m NOK

+25.6%

Operating result

+2.27m NOK n/m

—

Equity

1.37m NOK 1.05m NOK

-23.4%

Cash

1.37m NOK 837.1k NOK

-39.1%

Total assets

8.39m NOK 11.68m NOK

+39.2%

↑
Revenue rose

Operating income / revenue moved from 17.89m NOK to 22.47m NOK (+25.6% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.20× → 1.04×. Calculated
↑
Payroll decreased

Salary cost 4.33m NOK → 2.45m NOK (24% → 11% of revenue). Calculated

↓
Equity eroded

Book equity 1.37m NOK → 1.05m NOK (equity ratio 16.3% → 9.0%). Calculated
↓
Cash fell

Bank deposits 1.37m NOK → 837.1k NOK (-39.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation