ABLEMAGIC AS: årsregnskap 2015 vs 2014
Grew 30% on revenue
approved 2016-06-10; registry 2016-07-18; journal 2016 705300
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABLEMAGIC AS. Revenue 4.63m NOK → 6.03m NOK (+30.3%). Equity 434.2k NOK → 11 NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABLEMAGIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.63m NOK to 6.03m NOK (+30.3% YoY). Calculated
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↑
Cash rose
Bank deposits 28.6k NOK → 629.2k NOK (+2099.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.04× → 9.92×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 434.2k NOK → 11 NOK (equity ratio 128.2% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 611.6k NOK → 516.0k NOK (-15.6% YoY). Calculated