FirmaIQ
Org.nr 992 764 341 2014 → 2015 Year-over-year analysis

ABELNES EIENDOM AS: årsregnskap 2015 vs 2014

Shrank 67% on revenue, slipped into loss

approved 2016-12-24; registry 2017-01-04; journal 2017 200116

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ABELNES EIENDOM AS. Revenue 4.02m NOK → 1.32m NOK (-67.1%). Net result +85.3k NOK → -1.94m NOK. Equity 679.5k NOK → -1.26m NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABELNES EIENDOM AS.

At a glance

Scorecard

Revenue
4.02m NOK 1.32m NOK
-67.1%
Operating result
+291.2k NOK n/m
—
Net result
+85.3k NOK -1.94m NOK
-2374.9%
Equity
679.5k NOK -1.26m NOK
-285.6%
Cash
1 927 NOK 1 928 NOK
+0.1%
Total assets
19.45m NOK 18.55m NOK
-4.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.02m NOK to 1.32m NOK (-67.1% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 85.3k NOK profit to a loss of 1.94m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 679.5k NOK → -1.26m NOK (equity ratio 3.5% → -6.8%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.02m NOK → 2.42m NOK (25% → 183% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 29.4k NOK → 11.1k NOK (-62.2% YoY). Calculated