3B SERVICE AS: årsregnskap 2015 vs 2014
Shrank 67% on revenue, stronger earnings
approved 2016-06-30; registry 2016-09-03; journal 2016 896033
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3B SERVICE AS. Revenue 968.4k NOK → 322.4k NOK (-66.7%). Net result +219.3k NOK → +298.9k NOK. Equity 594.9k NOK → 893.8k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3B SERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +285.7k NOK → +405.9k NOK (op. margin 29.5% → 125.9%). Calculated
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Net result improved
Net result +219.3k NOK → +298.9k NOK (net margin 22.6% → 92.7%). Calculated
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Equity strengthened
Book equity 594.9k NOK → 893.8k NOK (equity ratio 47.0% → 47.6%). Calculated
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Cash rose
Bank deposits 64.7k NOK → 286.5k NOK (+342.8% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.51× → 1.62×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 968.4k NOK to 322.4k NOK (-66.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 386.0k NOK → 582.2k NOK (40% → 181% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 764.0k NOK → 574.5k NOK. Reported fact