A/S Hovinveien 7 og 9: årsregnskap 2015 vs 2014
Shrank 69% on revenue
approved 2016-04-27; registry 2016-07-14; journal 2016 689344
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for A/S Hovinveien 7 og 9. Revenue 1.36m NOK → 416.6k NOK (-69.3%). Net result -162.3k NOK → -173.5k NOK. Equity -441.5k NOK → -615.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.36m NOK to 416.6k NOK (-69.3% YoY). Calculated
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↓
Operating result weakened
Operating result +771.8k NOK → +26.2k NOK (op. margin 56.9% → 6.3%). Calculated
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↓
Net result weakened
Net result -162.3k NOK → -173.5k NOK (net margin -12.0% → -41.6%). Calculated
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↓
Equity eroded
Book equity -441.5k NOK → -615.0k NOK (equity ratio -8.1% → -12.0%). Calculated
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↓
Cash fell
Bank deposits 596.7k NOK → 543.5k NOK (-8.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation