AKADEMIET NORGE AS: årsregnskap 2014 vs 2013
Shrank 17% on revenue, stronger earnings, cash halved-plus
approved 2015-06-30; registry 2015-08-13; journal 2015 706471
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKADEMIET NORGE AS. Revenue 16.32m NOK → 13.58m NOK (-16.8%). Net result +228.6k NOK → +650.8k NOK. Equity -36.7k NOK → -687.5k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AKADEMIET NORGE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +190.3k NOK → +852.7k NOK (op. margin 1.2% → 6.3%). Calculated
-
↑
Net result improved
Net result +228.6k NOK → +650.8k NOK (net margin 1.4% → 4.8%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.25× → 1.38×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.32m NOK to 13.58m NOK (-16.8% YoY). Calculated
-
↓
Equity eroded
Book equity -36.7k NOK → -687.5k NOK (equity ratio -0.4% → -10.9%). Calculated
-
↓
Cash fell
Bank deposits 1.49m NOK → 504.6k NOK (-66.1% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 11.52m NOK → 13.04m NOK (+13.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -10.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.49m NOK → 504.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation