5 STAR AS: årsregnskap 2015 vs 2014
Shrank 99% on revenue
approved 2016-07-26; registry 2016-08-30; journal 2016 881635
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 5 STAR AS. Revenue 892.1k NOK → 5 869 NOK (-99.3%). Equity 111.7k NOK → 56.8k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 5 STAR AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3 540 NOK → 272.9k NOK (+7609.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 25.18×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 892.1k NOK to 5 869 NOK (-99.3% YoY). Calculated
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↓
Operating result weakened
Operating result +5 768 NOK → -54.2k NOK (op. margin 0.6% → -923.9%). Calculated
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↓
Equity eroded
Book equity 111.7k NOK → 56.8k NOK (equity ratio 190.3% → 5.2%). Calculated
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↓
COGS moved
COGS / varekostnad 644.4k NOK → 825.7k NOK (+28.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation