Org.nr 895 436 232 2013 → 2014 Year-over-year analysis

ATLANTIC SAPPHIRE ASA: årsregnskap 2014 vs 2013

Shrank 91% on revenue

approved 2015-06-30; registry 2015-08-19; journal 2015 724840

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ATLANTIC SAPPHIRE ASA. Revenue 467.1k NOK → 40.1k NOK (-91.4%). Equity 10.32m NOK → -4.85m NOK.

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 ATLANTIC SAPPHIRE ASA.

At a glance

Revenue

467.1k NOK 40.1k NOK

-91.4%

Net result

-59.9k NOK n/m

—

Equity

10.32m NOK -4.85m NOK

-147.0%

Cash

307.9k NOK 307.9k NOK

0.0%

Total assets

11.09m NOK 1.14m NOK

-89.7%

↓
Revenue fell

Operating income / revenue moved from 467.1k NOK to 40.1k NOK (-91.4% YoY). Calculated
↓
Equity eroded

Book equity 10.32m NOK → -4.85m NOK (equity ratio 93.1% → -425.1%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.36× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -425.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation