4 HEALTH INNOVATION NORGE AS: årsregnskap 2015 vs 2014
Shrank 71% on revenue, returned to profit
approved 2016-05-02; registry 2016-06-14; journal 2016 511924
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 4 HEALTH INNOVATION NORGE AS. Revenue 186.5k NOK → 53.8k NOK (-71.2%). Net result -110.2k NOK → +34.7k NOK. Equity -305.7k NOK → -271.0k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 HEALTH INNOVATION NORGE AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 110.2k NOK to a profit of 34.7k NOK. Calculated
-
↑
Equity strengthened
Book equity -305.7k NOK → -271.0k NOK (equity ratio -2971.9% → -3585.3%). Calculated
-
↑
Cash rose
Bank deposits 19 NOK → 3 462 NOK (+18121.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 109.2k NOK → 18.7k NOK (59% → 35% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 186.5k NOK to 53.8k NOK (-71.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -3585.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation