A MARKUSSEN HOLDING AS: årsregnskap 2015 vs 2014
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2016-06-30; registry 2016-09-10; journal 2016 929615
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for A MARKUSSEN HOLDING AS. Revenue 108.70m NOK → 62.0k NOK (-99.9%). Net result +4.07m NOK → -883.1k NOK. Equity 19.37m NOK → 19.36m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A MARKUSSEN HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -59.6k NOK → -8 919 NOK (op. margin -0.1% → -14.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 108.70m NOK to 62.0k NOK (-99.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 4.07m NOK profit to a loss of 883.1k NOK. Calculated
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Equity eroded
Book equity 19.37m NOK → 19.36m NOK (equity ratio 36.8% → 36.4%). Calculated
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Cash fell
Bank deposits 11.59m NOK → 1.81m NOK (-84.4% YoY). Calculated
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Payroll up without matching revenue
Salary cost 29.15m NOK → 32.49m NOK (27% → 52410% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.59m NOK → 1.81m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 36.73m NOK → 37.99m NOK. Reported fact