Org.nr 992 294 019 2014 → 2015 Year-over-year analysis

ABC TURBUSSER AS: årsregnskap 2015 vs 2014

Shrank 7% on revenue

approved 2016-05-03; registry 2016-06-09; journal 2016 486800

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ABC TURBUSSER AS. Revenue 2.30m NOK → 2.14m NOK (-7.2%). Equity -28.4k NOK → -254.0k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC TURBUSSER AS.

At a glance

Revenue

2.30m NOK 2.14m NOK

-7.2%

Net result

+510.4k NOK n/m

—

Equity

-28.4k NOK -254.0k NOK

-795.0%

Cash

675.2k NOK 464.6k NOK

-31.2%

Total assets

993.0k NOK 1.74m NOK

+75.5%

↓
Revenue fell

Operating income / revenue moved from 2.30m NOK to 2.14m NOK (-7.2% YoY). Calculated
↓
Equity eroded

Book equity -28.4k NOK → -254.0k NOK (equity ratio -2.9% → -14.6%). Calculated
↓
Cash fell

Bank deposits 675.2k NOK → 464.6k NOK (-31.2% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 14.86× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 690.0k NOK → 835.8k NOK (30% → 39% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -14.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation