ABLECON AS: årsregnskap 2015 vs 2014
Shrank 20% on revenue, weaker earnings
approved 2016-06-29; registry 2016-08-27; journal 2016 858354
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABLECON AS. Revenue 5.10m NOK → 4.11m NOK (-19.5%). Net result +964.7k NOK → +365.3k NOK. Equity 2.45m NOK → 387.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABLECON AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.71m NOK → 4.45m NOK (+160.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.10m NOK to 4.11m NOK (-19.5% YoY). Calculated
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↓
Net result weakened
Net result +964.7k NOK → +365.3k NOK (net margin 18.9% → 8.9%). Calculated
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↓
Equity eroded
Book equity 2.45m NOK → 387.1k NOK (equity ratio 71.3% → 9.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 21.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 1.57m NOK → 1.01m NOK (-35.6% YoY). Calculated