78 GRADER NORD AS: årsregnskap 2015 vs 2014
Shrank 29% on revenue, stronger earnings
approved 2016-04-27; registry 2016-05-02; journal 2016 402154
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 78 GRADER NORD AS. Revenue 482.6k NOK → 343.5k NOK (-28.8%). Net result +714.5k NOK → +900.2k NOK. Equity 224.4k NOK → 10 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 78 GRADER NORD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +522.3k NOK → +627.4k NOK (op. margin 108.2% → 182.7%). Calculated
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Net result improved
Net result +714.5k NOK → +900.2k NOK (net margin 148.1% → 262.1%). Calculated
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Cash rose
Bank deposits 80.3k NOK → 796.4k NOK (+891.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 482.6k NOK to 343.5k NOK (-28.8% YoY). Calculated
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Equity eroded
Book equity 224.4k NOK → 10 NOK (equity ratio 42.8% → 0.0%). Calculated
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Payroll up without matching revenue
Salary cost 4 865 NOK → 422.7k NOK (1% → 123% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation