AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2014 vs 2013
Shrank 9% on revenue, slipped into loss
approved 2015-06-27; registry 2015-10-15; journal 2015 937876
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 8.44m NOK → 7.67m NOK (-9.1%). Net result +359.3k NOK → -534.1k NOK. Equity -178.5k NOK → -676.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 18.2k NOK → 94.2k NOK (+418.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.44m NOK to 7.67m NOK (-9.1% YoY). Calculated
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↓
Operating result weakened
Operating result +507.2k NOK → -309.6k NOK (op. margin 6.0% → -4.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 359.3k NOK profit to a loss of 534.1k NOK. Calculated
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↓
Equity eroded
Book equity -178.5k NOK → -676.9k NOK (equity ratio -5.5% → -27.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.81m NOK → 2.84m NOK (33% → 37% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -27.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 130.0k NOK → 75.8k NOK. Reported fact