ADMIRAL OFFSHORE AS: årsregnskap 2015 vs 2014
Grew 14% on revenue, weaker earnings
approved 2016-05-31; registry 2016-08-10; journal 2016 819699
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADMIRAL OFFSHORE AS. Revenue 97.0k NOK → 110.3k NOK (+13.8%). Net result -85.2k NOK → -495.1k NOK. Equity 1.81m NOK → 1.31m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADMIRAL OFFSHORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 97.0k NOK to 110.3k NOK (+13.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +263.1k NOK → -300.1k NOK (op. margin 271.3% → -272.0%). Calculated
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↓
Net result weakened
Net result -85.2k NOK → -495.1k NOK (net margin -87.9% → -448.8%). Calculated
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↓
Equity eroded
Book equity 1.81m NOK → 1.31m NOK (equity ratio 89.7% → 92.1%). Calculated
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↓
Cash fell
Bank deposits 945.5k NOK → 535.8k NOK (-43.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 638 NOK → 223.9k NOK (3% → 203% of revenue). Calculated