ACEA DEVELOPMENT AS: årsregnskap 2015 vs 2014
Shrank 100% on revenue, stronger earnings
approved 2016-04-22; registry 2016-07-16; journal 2016 685988
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACEA DEVELOPMENT AS. Revenue 70.0k NOK → 0 NOK (-100.0%). Net result -8.32m NOK → -3.81m NOK. Equity -7.96m NOK → -11.77m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACEA DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -8.32m NOK → -3.81m NOK. Calculated
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↑
Cash rose
Bank deposits 1 327 NOK → 948.1k NOK (+71350.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 70.0k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity -7.96m NOK → -11.77m NOK (equity ratio -28.1% → -42.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 729 NOK → 1.09m NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -42.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 7.87m NOK → 7.46m NOK. Reported fact