ACTRONICS AS: årsregnskap 2015 vs 2014
Grew 45% on revenue, slipped into loss
approved 2016-06-30; registry 2016-08-23; journal 2016 854358
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACTRONICS AS. Revenue 1.73m NOK → 2.50m NOK (+45.0%). Net result +227.7k NOK → -454.9k NOK. Equity -379.1k NOK → -834.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACTRONICS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.73m NOK to 2.50m NOK (+45.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +99.5k NOK → -468.9k NOK (op. margin 5.8% → -18.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 227.7k NOK profit to a loss of 454.9k NOK. Calculated
-
↓
Equity eroded
Book equity -379.1k NOK → -834.0k NOK (equity ratio -45.6% → -89.7%). Calculated
-
↓
Cash fell
Bank deposits 538.4k NOK → 302.2k NOK (-43.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.94× → 0.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -89.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 1.32m NOK → 759.4k NOK (-42.6% YoY). Calculated