ABC MATTESERVICE AS: årsregnskap 2015 vs 2014
Shrank 10% on revenue, weaker earnings, cash halved-plus
approved 2016-05-27; registry 2016-08-31; journal 2016 886561
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABC MATTESERVICE AS. Revenue 1.81m NOK → 1.63m NOK (-10.1%). Net result +288.6k NOK → +58.0k NOK. Equity 957.3k NOK → 1.02m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC MATTESERVICE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 957.3k NOK → 1.02m NOK (equity ratio 59.6% → 81.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.30× → 3.53×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.81m NOK to 1.63m NOK (-10.1% YoY). Calculated
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↓
Operating result weakened
Operating result +369.4k NOK → +95.7k NOK (op. margin 20.4% → 5.9%). Calculated
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↓
Net result weakened
Net result +288.6k NOK → +58.0k NOK (net margin 15.9% → 3.6%). Calculated
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↓
Cash fell
Bank deposits 365.8k NOK → -75.2k NOK (-120.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 243.8k NOK → 434.7k NOK (13% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 481.5k NOK → 438.7k NOK (-8.9% YoY). Calculated