Org.nr 989 204 203 2014 → 2015 Year-over-year analysis

ADVENTURE PHOTO AS: årsregnskap 2015 vs 2014

Shrank 24% on revenue, cash halved-plus

approved 2016-05-18; registry 2016-05-30; journal 2016 454309

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVENTURE PHOTO AS. Revenue 1.20m NOK → 910.7k NOK (-24.4%). Equity 250.5k NOK → 183.8k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

1.20m NOK 910.7k NOK

-24.4%

Net result

n/m +4 NOK

—

Equity

250.5k NOK 183.8k NOK

-26.6%

Cash

127.6k NOK 57.1k NOK

-55.3%

Total assets

339.0k NOK 321.9k NOK

-5.1%

↓
Revenue fell

Operating income / revenue moved from 1.20m NOK to 910.7k NOK (-24.4% YoY). Calculated
↓
Equity eroded

Book equity 250.5k NOK → 183.8k NOK (equity ratio 73.9% → 57.1%). Calculated
↓
Cash fell

Bank deposits 127.6k NOK → 57.1k NOK (-55.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.44× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 2 NOK → 262.3k NOK (0% → 29% of revenue). Calculated