A/S Rep-Rek: årsregnskap 2015 vs 2014
Shrank 15% on revenue, weaker earnings
approved 2016-02-18; registry 2016-05-09; journal 2016 408481
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for A/S Rep-Rek. Revenue 13.00m NOK → 11.11m NOK (-14.6%). Net result +938.4k NOK → +625.0k NOK. Equity 971.5k NOK → 310.1k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +321.9k NOK → +684.8k NOK (op. margin 2.5% → 6.2%). Calculated
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↑
Cash rose
Bank deposits 583.1k NOK → 676.0k NOK (+15.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.01m NOK → 4.29m NOK (39% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.00m NOK to 11.11m NOK (-14.6% YoY). Calculated
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↓
Net result weakened
Net result +938.4k NOK → +625.0k NOK (net margin 7.2% → 5.6%). Calculated
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↓
Equity eroded
Book equity 971.5k NOK → 310.1k NOK (equity ratio 23.0% → 6.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.95m NOK → 2.55m NOK (-13.5% YoY). Calculated