ABD RØRSERVICE AS: årsregnskap 2015 vs 2014
Shrank 6% on revenue, stronger earnings
approved 2016-05-20; registry 2016-07-12; journal 2016 670306
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABD RØRSERVICE AS. Revenue 15.47m NOK → 14.48m NOK (-6.4%). Net result +465.2k NOK → +825.6k NOK. Equity 744.4k NOK → 570.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABD RØRSERVICE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +659.4k NOK → +1.15m NOK (op. margin 4.3% → 7.9%). Calculated
-
↑
Net result improved
Net result +465.2k NOK → +825.6k NOK (net margin 3.0% → 5.7%). Calculated
-
↑
Cash rose
Bank deposits 160.2k NOK → 787.9k NOK (+391.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.93× → 1.28×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 15.47m NOK to 14.48m NOK (-6.4% YoY). Calculated
-
↓
Equity eroded
Book equity 744.4k NOK → 570.0k NOK (equity ratio 15.5% → 9.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 8.93m NOK → 6.86m NOK (-23.2% YoY). Calculated