ACAX DEVELOPMENT AS: årsregnskap 2015 vs 2014
Shrank 25% on revenue, slipped into loss
approved 2016-05-26; registry 2016-06-21; journal 2016 551199
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACAX DEVELOPMENT AS. Revenue 435.3k NOK → 325.2k NOK (-25.3%). Net result +64.3k NOK → -11.0k NOK. Equity 11.4k NOK → 358 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACAX DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 203.0k NOK → 183.3k NOK (47% → 56% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 435.3k NOK to 325.2k NOK (-25.3% YoY). Calculated
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↓
Operating result weakened
Operating result +69.9k NOK → -8 933 NOK (op. margin 16.0% → -2.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 64.3k NOK profit to a loss of 11.0k NOK. Calculated
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↓
Equity eroded
Book equity 11.4k NOK → 358 NOK (equity ratio 11.1% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 92.2k NOK → 77.1k NOK (-16.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 23.1k NOK → 17.4k NOK (-24.8% YoY). Calculated