1ST BRANDS AS: årsregnskap 2015 vs 2014
Grew 208385% on revenue, weaker earnings
approved 2016-02-29; registry 2016-03-14; journal 2016 327471
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 1ST BRANDS AS. Revenue 4 009 NOK → 8.36m NOK (+208385.3%). Net result +245.2k NOK → +97.1k NOK. Equity 2.28m NOK → 72.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 009 NOK to 8.36m NOK (+208385.3% YoY). Calculated
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↑
Cash rose
Bank deposits 402.7k NOK → 600.1k NOK (+49.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +352.4k NOK → +146.9k NOK (op. margin 8789.7% → 1.8%). Calculated
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↓
Net result weakened
Net result +245.2k NOK → +97.1k NOK (net margin 6115.5% → 1.2%). Calculated
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↓
Equity eroded
Book equity 2.28m NOK → 72.3k NOK (equity ratio 213.5% → 6.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5 212 NOK → 3.80m NOK (130% → 45% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 877 NOK → 3.40m NOK (+181031.6% YoY). Calculated