ADD ENERGY GROUP AS: årsregnskap 2015 vs 2014
Shrank 23% on revenue, stronger earnings, cash halved-plus
approved 2016-06-22; registry 2016-08-18; journal 2016 828744
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADD ENERGY GROUP AS. Revenue 10.23m NOK → 7.86m NOK (-23.2%). Net result -89.06m NOK → -25.37m NOK. Equity 194.02m NOK → 188.59m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -89.06m NOK → -25.37m NOK (net margin -870.5% → -322.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.23m NOK to 7.86m NOK (-23.2% YoY). Calculated
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↓
Equity eroded
Book equity 194.02m NOK → 188.59m NOK (equity ratio 52.1% → 54.0%). Calculated
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↓
Cash fell
Bank deposits 67.0k NOK → 1 000 NOK (-98.5% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 194.02m NOK → 21.28m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 3.47m NOK → 2.39m NOK (-31.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 359.93m NOK → 335.41m NOK. Reported fact