FirmaIQ
Org.nr 989 030 175 2014 → 2015 Year-over-year analysis

ABACO SHIPPING AS: årsregnskap 2015 vs 2014

Cash halved-plus

approved 2016-06-23; registry 2016-07-13; journal 2016 679168

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ABACO SHIPPING AS. Revenue 148.6k NOK → 148.6k NOK (0.0%). Net result -982.5k NOK → -790.5k NOK. Equity 6.65m NOK → 5.86m NOK.

On the constructive side: net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABACO SHIPPING AS.

At a glance

Scorecard

Revenue
148.6k NOK 148.6k NOK
0.0%
Net result
-982.5k NOK -790.5k NOK
+19.5%
Equity
6.65m NOK 5.86m NOK
-11.9%
Cash
2.33m NOK 34.5k NOK
-98.5%
Total assets
48.15m NOK 48.14m NOK
-0.0%

What improved

  • ↑

    Net result improved

    Net result -982.5k NOK → -790.5k NOK (net margin -661.3% → -532.0%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.15× → 38.30×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 6.65m NOK → 5.86m NOK (equity ratio 13.8% → 12.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.33m NOK → 34.5k NOK (-98.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.33m NOK → 34.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 43.81m NOK → 45.70m NOK. Reported fact