3 NORSKE AS: årsregnskap 2015 vs 2014
Weaker earnings
approved 2016-06-20; registry 2016-08-31; journal 2016 878005
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3 NORSKE AS. Revenue 51.3k NOK → 51.0k NOK (-0.6%). Net result +35.92m NOK → +4.34m NOK. Equity 16.52m NOK → 12.91m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 3 NORSKE AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 53.3k NOK → 14.22m NOK (+26576.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 51.3k NOK to 51.0k NOK (-0.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -366.4k NOK → -537.0k NOK (op. margin -713.8% → -1052.9%). Calculated
-
↓
Net result weakened
Net result +35.92m NOK → +4.34m NOK (net margin 69981.7% → 8507.8%). Calculated
-
↓
Equity eroded
Book equity 16.52m NOK → 12.91m NOK (equity ratio 28.7% → 7.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 6.27m NOK → 6.29m NOK (12222% → 12342% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 170.03m NOK → 306.2k NOK (-99.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 24.0k NOK → 286.0k NOK. Reported fact