2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS: årsregnskap 2015 vs 2014
Grew 102% on revenue, weaker earnings
approved 2016-04-18; registry 2016-08-20; journal 2016 837677
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS. Revenue 8.69m NOK → 17.52m NOK (+101.6%). Net result +17.52bn NOK → +2 015 NOK. Equity 1.04m NOK → 1.65m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.69m NOK to 17.52m NOK (+101.6% YoY). Calculated
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↑
Equity strengthened
Book equity 1.04m NOK → 1.65m NOK (equity ratio 94.9% → 68.1%). Calculated
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↑
Cash rose
Bank deposits 461.0k NOK → 857.0k NOK (+85.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +17.52bn NOK → +2 015 NOK (net margin 201556.7% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 20.27× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 184.7k NOK → 479.3k NOK (2% → 3% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8.19m NOK → 15.36m NOK (+87.6% YoY). Calculated