3HUS AS: årsregnskap 2015 vs 2014
Grew 629% on revenue, weaker earnings
approved 2016-04-27; registry 2016-05-14; journal 2016 427081
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3HUS AS. Revenue 237.2k NOK → 1.73m NOK (+628.5%). Net result -35.8k NOK → -185.4k NOK. Equity 64.4k NOK → -121.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 3HUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 237.2k NOK to 1.73m NOK (+628.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -55.2k NOK → -184.9k NOK (op. margin -23.2% → -10.7%). Calculated
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↓
Net result weakened
Net result -35.8k NOK → -185.4k NOK (net margin -15.1% → -10.7%). Calculated
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↓
Equity eroded
Book equity 64.4k NOK → -121.0k NOK (equity ratio 20.8% → -50.6%). Calculated
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↓
Cash fell
Bank deposits 161.8k NOK → 157.6k NOK (-2.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.66× — 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 -50.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 724.6k NOK → 1.59m NOK (305% → 92% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 381.8k NOK → 5 487 NOK (-98.6% YoY). Calculated