123BILMEGLER HARDANGER AS: årsregnskap 2015 vs 2014
Shrank 17% on revenue, cash halved-plus
approved 2016-08-10; registry 2016-09-12; journal 2016 932483
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 123BILMEGLER HARDANGER AS. Revenue 8.23m NOK → 6.83m NOK (-17.0%). Equity -6 020 NOK → -379.4k NOK.
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 123BILMEGLER HARDANGER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.23m NOK to 6.83m NOK (-17.0% YoY). Calculated
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Equity eroded
Book equity -6 020 NOK → -379.4k NOK (equity ratio -1.7% → -40.1%). Calculated
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Cash fell
Bank deposits 289.8k NOK → 41.6k NOK (-85.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 403.0k NOK → 451.2k NOK (5% → 7% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -40.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 7.08m NOK → 6.17m NOK (-12.9% YoY). Calculated