ACTUATOR AS: årsregnskap 2015 vs 2014
Shrank 39% on revenue, returned to profit, cash halved-plus
approved 2016-04-30; registry 2016-05-31; journal 2016 459153
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ACTUATOR AS. Revenue 615.1k NOK → 373.2k NOK (-39.3%). Net result -34.2k NOK → +82.7k NOK. Equity 6 609 NOK → -76.1k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTUATOR AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 34.2k NOK to a profit of 82.7k NOK. Calculated
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Payroll decreased
Salary cost 422.0k NOK → 307.3k NOK (69% → 82% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 615.1k NOK to 373.2k NOK (-39.3% YoY). Calculated
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↓
Operating result weakened
Operating result -34.4k NOK → -83.0k NOK (op. margin -5.6% → -22.2%). Calculated
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↓
Equity eroded
Book equity 6 609 NOK → -76.1k NOK (equity ratio 4.6% → -173.4%). Calculated
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Cash fell
Bank deposits 54.8k NOK → 6 506 NOK (-88.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -173.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation