3ANGLE AS: årsregnskap 2015 vs 2014
Shrank 9% on revenue, stronger earnings, cash halved-plus
approved 2016-04-21; registry 2016-06-15; journal 2016 524949
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3ANGLE AS. Revenue 156.7k NOK → 142.2k NOK (-9.2%). Net result +25.7k NOK → +74.9k NOK. Equity 59.3k NOK → -15.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3ANGLE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +25.7k NOK → +75.0k NOK (op. margin 16.4% → 52.7%). Calculated
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Net result improved
Net result +25.7k NOK → +74.9k NOK (net margin 16.4% → 52.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 156.7k NOK to 142.2k NOK (-9.2% YoY). Calculated
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↓
Equity eroded
Book equity 59.3k NOK → -15.6k NOK (equity ratio 66.2% → -145.6%). Calculated
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↓
Cash fell
Bank deposits 82.7k NOK → 10.7k NOK (-87.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.96× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -145.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation