3 TS INDUSTRISERVICE AS: årsregnskap 2015 vs 2014
Grew 82% on revenue, weaker earnings, cash halved-plus
approved 2016-06-30; registry 2016-08-23; journal 2016 845681
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3 TS INDUSTRISERVICE AS. Revenue 25.37m NOK → 46.18m NOK (+82.0%). Net result -105.5k NOK → -291.3k NOK. Equity 3.41m NOK → 3.11m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.37m NOK to 46.18m NOK (+82.0% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -105.5k NOK → -291.3k NOK (net margin -0.4% → -0.6%). Calculated
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↓
Equity eroded
Book equity 3.41m NOK → 3.11m NOK (equity ratio 26.5% → 30.6%). Calculated
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↓
Cash fell
Bank deposits 5.84m NOK → 1.76m NOK (-69.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.84m NOK → 1.76m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 15.16m NOK → 17.49m NOK (60% → 38% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.03m NOK → 23.11m NOK (+359.1% YoY). Calculated