Org.nr 947 454 838 2014 → 2015 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2015 vs 2014

Mixed movements in the accounts

approved 2016-05-02; registry 2016-06-20; journal 2016 541620

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for A/S Hørtefossen. Revenue 5.83m NOK → 5.74m NOK (-1.4%). Equity 3.90m NOK → 4.43m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; cogs moved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Revenue

5.83m NOK 5.74m NOK

-1.4%

Operating result

+13 NOK +12 NOK

-7.7%

Equity

3.90m NOK 4.43m NOK

+13.6%

Cash

1.51m NOK 1.98m NOK

+31.3%

Total assets

5.46m NOK 6.10m NOK

+11.8%

↑
Equity strengthened

Book equity 3.90m NOK → 4.43m NOK (equity ratio 71.4% → 72.6%). Calculated
↑
Cash rose

Bank deposits 1.51m NOK → 1.98m NOK (+31.3% YoY). Calculated
↑
Payroll decreased

Salary cost 2.48m NOK → 2 014 NOK (42% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.83m NOK to 5.74m NOK (-1.4% YoY). Calculated
↓
Operating result weakened

Operating result +13 NOK → +12 NOK (op. margin 0.0% → 0.0%). Calculated
↓
COGS moved

COGS / varekostnad 525.3k NOK → 1.57m NOK (+198.4% YoY). Calculated

·
Book investments changed

Investment / intangible book value 1.57m NOK → 2.21m NOK. Reported fact