A. VATNE BETONGPUMPING AS: årsregnskap 2015 vs 2014
Shrank 9% on revenue, cash halved-plus
approved 2016-05-05; registry 2016-07-30; journal 2016 773804
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for A. VATNE BETONGPUMPING AS. Revenue 5.87m NOK → 5.32m NOK (-9.3%). Equity 7.53m NOK → -179.6k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A. VATNE BETONGPUMPING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.87m NOK to 5.32m NOK (-9.3% YoY). Calculated
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Equity eroded
Book equity 7.53m NOK → -179.6k NOK (equity ratio 387.2% → -15.3%). Calculated
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Cash fell
Bank deposits 1.07m NOK → 391.7k NOK (-63.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.37× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -15.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.07m NOK → 391.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 66.4k NOK → 23.5k NOK (-64.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 53.0k NOK → 41.0k NOK. Reported fact