AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2014 vs 2013
Shrank 18% on revenue, fresh owner capital
approved 2015-09-04; registry 2015-10-08; journal 2015 924089
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKERSHUS AUTO BILVERKSTED AS. Revenue 2.92m NOK → 2.40m NOK (-17.9%). Equity 6.17m NOK → -679.3k NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 10.4k NOK → 18.0k NOK (+73.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 616 NOK → 616.0k NOK (+615.4k NOK). Reported fact
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↑
Payroll decreased
Salary cost 626.1k NOK → 414.2k NOK (21% → 17% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.92m NOK to 2.40m NOK (-17.9% YoY). Calculated
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↓
Equity eroded
Book equity 6.17m NOK → -679.3k NOK (equity ratio 517.9% → -127.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.58× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 1.69m NOK → 2.12m NOK (+25.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -127.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation