1 2 3 LØFT AS: årsregnskap 2015 vs 2014
Shrank 24% on revenue, cash halved-plus
approved 2016-03-01; registry 2016-03-07; journal 2016 321264
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 1 2 3 LØFT AS. Revenue 2.08m NOK → 1.58m NOK (-23.8%). Net result -97.7k NOK → -79.3k NOK. Equity -49.9k NOK → -129.2k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1 2 3 LØFT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -115.8k NOK → -85.0k NOK (op. margin -5.6% → -5.4%). Calculated
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Net result improved
Net result -97.7k NOK → -79.3k NOK (net margin -4.7% → -5.0%). Calculated
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Payroll decreased
Salary cost 792.4k NOK → 723.5k NOK (38% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.08m NOK to 1.58m NOK (-23.8% YoY). Calculated
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↓
Equity eroded
Book equity -49.9k NOK → -129.2k NOK (equity ratio -8.0% → -29.7%). Calculated
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↓
Cash fell
Bank deposits 243.2k NOK → 100.7k NOK (-58.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -29.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 311.3k NOK → 95.1k NOK (-69.4% YoY). Calculated