ABC BIOSCIENCE AS: årsregnskap 2015 vs 2014
Grew 32% on revenue
approved 2016-06-30; registry 2016-09-10; journal 2016 922394
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABC BIOSCIENCE AS. Revenue 1.57m NOK → 2.08m NOK (+32.1%). Equity 2.10m NOK → -2.34m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC BIOSCIENCE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.57m NOK to 2.08m NOK (+32.1% YoY). Calculated
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↑
Cash rose
Bank deposits 246.0k NOK → 493.5k NOK (+100.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.10m NOK → -2.34m NOK (equity ratio 93.8% → -121.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.45× — 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 -121.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation