ACHILLES FINANS AS: årsregnskap 2015 vs 2014
Shrank 14% on revenue, stronger earnings, cash halved-plus
approved 2016-05-02; registry 2016-07-28; journal 2016 757128
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACHILLES FINANS AS. Revenue 672.6k NOK → 578.0k NOK (-14.1%). Net result -781.0k NOK → -47.1k NOK. Equity 5.17m NOK → 4.17m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ACHILLES FINANS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -781.0k NOK → -47.1k NOK (net margin -116.1% → -8.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 672.6k NOK to 578.0k NOK (-14.1% YoY). Calculated
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↓
Operating result weakened
Operating result +316.7k NOK → +248.9k NOK (op. margin 47.1% → 43.1%). Calculated
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↓
Equity eroded
Book equity 5.17m NOK → 4.17m NOK (equity ratio 68.8% → 61.8%). Calculated
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↓
Cash fell
Bank deposits 2.35m NOK → 26.9k NOK (-98.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 171.8k NOK → 177.8k NOK (26% → 31% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.35m NOK → 26.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 150.0k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation