ABB HOLDING AS: årsregnskap 2015 vs 2014
Shrank 17% on revenue, weaker earnings
approved 2016-04-11; registry 2016-06-01; journal 2016 457099
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABB HOLDING AS. Revenue 11.22bn NOK → 9.28bn NOK (-17.3%). Net result +595.93m NOK → +663.4k NOK. Equity 406.01m NOK → 550.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABB HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 66.70m NOK → 84.83m NOK (+27.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.22bn NOK to 9.28bn NOK (-17.3% YoY). Calculated
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↓
Operating result weakened
Operating result -42.37m NOK → -71.05m NOK (op. margin -0.4% → -0.8%). Calculated
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↓
Net result weakened
Net result +595.93m NOK → +663.4k NOK (net margin 5.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity 406.01m NOK → 550.9k NOK (equity ratio 8.3% → 0.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 36.62m NOK → 63.47m NOK (0% → 1% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 5.83bn NOK → 4.38bn NOK (-24.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8 NOK → 409.0k NOK. Reported fact