ABP ELEKTRO AS: årsregnskap 2015 vs 2014
Shrank 7% on revenue
approved 2016-05-27; registry 2016-06-18; journal 2016 533806
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABP ELEKTRO AS. Revenue 19.82m NOK → 18.49m NOK (-6.7%). Equity 5.01m NOK → 4.02m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABP ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.97× → 1.54×. Calculated
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↑
Payroll decreased
Salary cost 10.10m NOK → 9.73m NOK (51% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.82m NOK to 18.49m NOK (-6.7% YoY). Calculated
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↓
Operating result weakened
Operating result +2.75m NOK → +45.1k NOK (op. margin 13.9% → 0.2%). Calculated
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↓
Equity eroded
Book equity 5.01m NOK → 4.02m NOK (equity ratio 44.8% → 45.1%). Calculated
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↓
Cash fell
Bank deposits 6.02m NOK → 3.72m NOK (-38.2% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 4.60m NOK → 6.51m NOK (+41.5% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 4.79m NOK → 3.79m NOK — check capital reduction, conversion, or reclassification. Interpretation