ACE GOLF AS: årsregnskap 2015 vs 2014
Grew 19% on revenue, cash halved-plus
approved 2016-04-27; registry 2016-07-19; journal 2016 697456
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACE GOLF AS. Revenue 5.21m NOK → 6.20m NOK (+18.9%). Equity 33.0k NOK → 1.08m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.21m NOK to 6.20m NOK (+18.9% YoY). Calculated
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↑
Equity strengthened
Book equity 33.0k NOK → 1.08m NOK (equity ratio 2.6% → 61.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 5.47m NOK → 744.3k NOK (-86.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.28× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.47m NOK → 744.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1.70m NOK → 1.92m NOK (33% → 31% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.57m NOK → 3.05m NOK (+18.9% YoY). Calculated