654 M.O.H AS: årsregnskap 2015 vs 2014
Shrank 16% on revenue, weaker earnings
approved 2016-06-30; registry 2016-08-15; journal 2016 825532
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 654 M.O.H AS. Revenue 12.22m NOK → 10.29m NOK (-15.8%). Net result +213.8k NOK → +10.6k NOK. Equity 3.74m NOK → 2.38m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for 654 M.O.H AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.70m NOK → 2.08m NOK (22% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.22m NOK to 10.29m NOK (-15.8% YoY). Calculated
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↓
Net result weakened
Net result +213.8k NOK → +10.6k NOK (net margin 1.8% → 0.1%). Calculated
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↓
Equity eroded
Book equity 3.74m NOK → 2.38m NOK (equity ratio 69.0% → 49.7%). Calculated
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↓
Cash fell
Bank deposits 1.76m NOK → 1.63m NOK (-7.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 600.0k NOK → 450.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 7.49m NOK → 6.32m NOK (-15.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 37.5k NOK → 55.5k NOK. Reported fact