ACCESS! AS: årsregnskap 2015 vs 2014
Shrank 69% on revenue, stronger earnings, cash halved-plus
approved 2016-06-30; registry 2016-08-20; journal 2016 836271
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACCESS! AS. Revenue 2.77m NOK → 858.1k NOK (-69.0%). Net result -3.76m NOK → -113.4k NOK. Equity 1.34m NOK → 1.23m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -3.76m NOK → -113.4k NOK (net margin -135.9% → -13.2%). Calculated
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Payroll decreased
Salary cost 1.48m NOK → 1.31m NOK (53% → 153% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.77m NOK to 858.1k NOK (-69.0% YoY). Calculated
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Operating result weakened
Operating result +313.4k NOK → -72.4k NOK (op. margin 11.3% → -8.4%). Calculated
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↓
Equity eroded
Book equity 1.34m NOK → 1.23m NOK (equity ratio 51.7% → 52.0%). Calculated
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Cash fell
Bank deposits 76.3k NOK → 34.4k NOK (-54.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.84× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 250.2k NOK → 2 824 NOK (-98.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.02m NOK → 2.06m NOK. Reported fact