ABU ENTREPRENØR AS: årsregnskap 2015 vs 2014
Shrank 31% on revenue, returned to profit
approved 2016-03-29; registry 2016-04-19; journal 2016 374327
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABU ENTREPRENØR AS. Revenue 772.9k NOK → 532.5k NOK (-31.1%). Net result -426.8k NOK → +102.8k NOK. Equity -205.9k NOK → -103.2k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABU ENTREPRENØR AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 426.8k NOK to a profit of 102.8k NOK. Calculated
-
↑
Equity strengthened
Book equity -205.9k NOK → -103.2k NOK (equity ratio -44.0% → -852.7%). Calculated
-
↑
Cash rose
Bank deposits 74.2k NOK → 215.2k NOK (+190.2% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.66× → 1.57×. Calculated
-
↑
Payroll decreased
Salary cost 494.0k NOK → 106.4k NOK (64% → 20% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 772.9k NOK to 532.5k NOK (-31.1% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 209.7k NOK → 816.4k NOK (+289.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -852.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation