A-EN AS: årsregnskap 2015 vs 2014
Grew 35% on revenue, stronger earnings
approved 2016-05-24; registry 2016-06-08; journal 2016 476418
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for A-EN AS. Revenue 10.0k NOK → 13.5k NOK (+35.0%). Net result -78.2k NOK → -33.3k NOK. Equity -78.2k NOK → -111.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A-EN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.0k NOK to 13.5k NOK (+35.0% YoY). Calculated
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↑
Operating result improved
Operating result -59.5k NOK → -11.7k NOK (op. margin -594.9% → -86.7%). Calculated
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↑
Net result improved
Net result -78.2k NOK → -33.3k NOK (net margin -782.0% → -246.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -78.2k NOK → -111.5k NOK (equity ratio -17.9% → -26.2%). Calculated
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↓
Cash fell
Bank deposits 25.9k NOK → 13.3k NOK (-48.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation