AB ØKONOMI AS: årsregnskap 2015 vs 2014
Stronger earnings, cash halved-plus
approved 2016-02-22; registry 2016-03-07; journal 2016 319703
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AB ØKONOMI AS. Revenue 5.35m NOK → 5.62m NOK (+5.0%). Net result +72.5k NOK → +444.5k NOK. Equity 514.8k NOK → 469.3k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AB ØKONOMI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.35m NOK to 5.62m NOK (+5.0% YoY). Calculated
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↑
Net result improved
Net result +72.5k NOK → +444.5k NOK (net margin 1.4% → 7.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.34× → 4.48×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 514.8k NOK → 469.3k NOK (equity ratio 37.5% → 25.0%). Calculated
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↓
Cash fell
Bank deposits 606.4k NOK → 111.3k NOK (-81.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.11m NOK → 3.30m NOK (58% → 59% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 964.3k NOK → 788.3k NOK (-18.2% YoY). Calculated