AKER YACHTS AS: årsregnskap 2014 vs 2013
Grew 31% on revenue, weaker earnings, cash halved-plus
approved 2015-05-30; registry 2015-09-30; journal 2015 894368
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKER YACHTS AS. Revenue 3.65m NOK → 4.79m NOK (+31.2%). Net result -155.5k NOK → -451.9k NOK. Equity 294.4k NOK → -157.6k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKER YACHTS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.65m NOK to 4.79m NOK (+31.2% YoY). Calculated
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Operating result improved
Operating result -135.51m NOK → -449.2k NOK (op. margin -3712.6% → -9.4%). Calculated
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Payroll decreased
Salary cost 1.40m NOK → 1 NOK (38% → 0% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -155.5k NOK → -451.9k NOK (net margin -4.3% → -9.4%). Calculated
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↓
Equity eroded
Book equity 294.4k NOK → -157.6k NOK (equity ratio 178.3% → -4.8%). Calculated
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↓
Cash fell
Bank deposits 566.7k NOK → 126.6k NOK (-77.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.51m NOK → 1.12m NOK (-26.1% YoY). Calculated