ABITAR AS: årsregnskap 2015 vs 2014
Grew 788% on revenue, returned to profit, cash halved-plus
approved 2016-06-30; registry 2016-08-01; journal 2016 777977
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABITAR AS. Revenue 900.0k NOK → 7.99m NOK (+787.8%). Net result -511.9k NOK → +677.6k NOK. Equity -1.94m NOK → -1.26m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABITAR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 900.0k NOK to 7.99m NOK (+787.8% YoY). Calculated
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Operating result improved
Operating result -400.5k NOK → +838.5k NOK (op. margin -44.5% → 10.5%). Calculated
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Turned profitable
Net result flipped from a loss of 511.9k NOK to a profit of 677.6k NOK. Calculated
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Equity strengthened
Book equity -1.94m NOK → -1.26m NOK (equity ratio -21.3% → -21.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 38.8k NOK → 1 890 NOK (-95.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.58× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -21.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 191.5k NOK → 36.7k NOK (-80.8% YoY). Calculated