ABC SOLUTIONS HOLDING AS: årsregnskap 2015 vs 2014
Shrank 67% on revenue, weaker earnings
approved 2016-06-23; registry 2016-07-02; journal 2016 614231
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABC SOLUTIONS HOLDING AS. Revenue 6.94m NOK → 2.29m NOK (-67.0%). Net result +454.9k NOK → +255.5k NOK. Equity 2.09m NOK → 2.34m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC SOLUTIONS HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.09m NOK → 2.34m NOK (equity ratio 75.3% → 87.1%). Calculated
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↑
Cash rose
Bank deposits 1 152 NOK → 616.0k NOK (+53373.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 5.64×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.94m NOK to 2.29m NOK (-67.0% YoY). Calculated
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↓
Net result weakened
Net result +454.9k NOK → +255.5k NOK (net margin 6.6% → 11.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.29m NOK → 2.35m NOK (19% → 103% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.43m NOK → 783.9k NOK (-82.3% YoY). Calculated