3B-FIBREGLASS NORWAY AS: årsregnskap 2015 vs 2014
Grew 26% on revenue, stronger earnings
approved 2016-04-04; registry 2016-07-16; journal 2016 689400
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3B-FIBREGLASS NORWAY AS. Revenue 345.1k NOK → 434.6k NOK (+26.0%). Net result +9.40m NOK → +37.18m NOK. Equity 113.7k NOK → 150.9k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for 3B-FIBREGLASS NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 345.1k NOK to 434.6k NOK (+26.0% YoY). Calculated
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Net result improved
Net result +9.40m NOK → +37.18m NOK (net margin 2722.9% → 8554.8%). Calculated
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Equity strengthened
Book equity 113.7k NOK → 150.9k NOK (equity ratio 29.0% → 38.2%). Calculated
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Cash rose
Bank deposits 6.61m NOK → 8.53m NOK (+29.0% YoY). Calculated
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Payroll decreased
Salary cost 14.10bn NOK → 107.0k NOK (4086650% → 25% of revenue). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 467.11× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 216.59m NOK → 150.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 87.06m NOK → 100.34m NOK (+15.3% YoY). Calculated