ACCESS HOLDING AS: årsregnskap 2015 vs 2014
Shrank 12% on revenue
approved 2016-06-01; registry 2016-08-02; journal 2016 784894
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACCESS HOLDING AS. Revenue 1 558 NOK → 1 375 NOK (-11.7%). Net result +2 014 NOK → +2 015 NOK. Equity -135.0k NOK → -166.9k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +5 948 NOK → +17.1k NOK (op. margin 381.8% → 1241.6%). Calculated
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Payroll decreased
Salary cost 730.1k NOK → 248.2k NOK (46863% → 18049% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1 558 NOK to 1 375 NOK (-11.7% YoY). Calculated
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Equity eroded
Book equity -135.0k NOK → -166.9k NOK (equity ratio -23.9% → -30.6%). Calculated
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Cash fell
Bank deposits 116.9k NOK → 80.0k NOK (-31.5% YoY). Calculated
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COGS moved
COGS / varekostnad 96.7k NOK → 400.4k NOK (+314.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -30.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation