A. GULLAKSEN AS: årsregnskap 2015 vs 2014
Weaker earnings, cash halved-plus
approved 2016-06-30; registry 2016-09-03; journal 2016 895991
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for A. GULLAKSEN AS. Revenue 752.7k NOK → 760.0k NOK (+1.0%). Net result +115.6k NOK → +45.0k NOK. Equity 1.93m NOK → 1.74m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. GULLAKSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 752.7k NOK to 760.0k NOK (+1.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +401.3k NOK → +83.0k NOK (op. margin 53.3% → 10.9%). Calculated
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↓
Net result weakened
Net result +115.6k NOK → +45.0k NOK (net margin 15.4% → 5.9%). Calculated
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↓
Equity eroded
Book equity 1.93m NOK → 1.74m NOK (equity ratio 56.2% → 44.2%). Calculated
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↓
Cash fell
Bank deposits 918.9k NOK → 135.4k NOK (-85.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.79× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.61m NOK → 1 608 NOK. Reported fact