AKADEMIET VGS MØRE AS: årsregnskap 2014 vs 2013
Stronger earnings, cash halved-plus
approved 2015-05-31; registry 2015-07-25; journal 2015 643959
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKADEMIET VGS MØRE AS. Revenue 21.31m NOK → 20.62m NOK (-3.2%). Net result +148 NOK → +48.1k NOK. Equity -173.6k NOK → -125.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AKADEMIET VGS MØRE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +18.8k NOK → +41.7k NOK (op. margin 0.1% → 0.2%). Calculated
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Net result improved
Net result +148 NOK → +48.1k NOK (net margin 0.0% → 0.2%). Calculated
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↑
Equity strengthened
Book equity -173.6k NOK → -125.4k NOK (equity ratio -2.5% → -3.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 21.31m NOK to 20.62m NOK (-3.2% YoY). Calculated
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↓
Cash fell
Bank deposits 4.13m NOK → 840.3k NOK (-79.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 11.86m NOK → 12.63m NOK (56% → 61% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.13m NOK → 840.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 2.42m NOK → 1.34m NOK (-44.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 323.7k NOK → 338.8k NOK. Reported fact