ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2015 vs 2014
Grew 573% on revenue, returned to profit, cash halved-plus
approved 2016-06-09; registry 2016-07-14; journal 2016 681394
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADD ON FITNESS INTERNATIONAL AS. Revenue 190.4k NOK → 1.28m NOK (+572.7%). Net result -410.6k NOK → +181.5k NOK. Equity 6.93m NOK → 1 113 NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADD ON FITNESS INTERNATIONAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 190.4k NOK to 1.28m NOK (+572.7% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 410.6k NOK to a profit of 181.5k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.93m NOK → 1 113 NOK (equity ratio 453.0% → 0.1%). Calculated
-
↓
Cash fell
Bank deposits 173.8k NOK → 78.9k NOK (-54.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 922.8k NOK → 968.9k NOK (485% → 76% of revenue). Calculated