AGLEN SETTEFISK AS: årsregnskap 2015 vs 2014
Grew 61% on revenue, weaker earnings
approved 2016-05-23; registry 2016-08-04; journal 2016 797761
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AGLEN SETTEFISK AS. Revenue 8.10m NOK → 13.05m NOK (+61.1%). Net result +1.66m NOK → +42.2k NOK. Equity 1.30m NOK → 1.34m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGLEN SETTEFISK AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.10m NOK to 13.05m NOK (+61.1% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.30m NOK → 1.34m NOK (equity ratio 17.8% → 9.6%). Calculated
-
↑
Cash rose
Bank deposits 52.6k NOK → 117.8k NOK (+123.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +2.27m NOK → +45.1k NOK (op. margin 28.0% → 0.3%). Calculated
-
↓
Net result weakened
Net result +1.66m NOK → +42.2k NOK (net margin 20.5% → 0.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.00m NOK → 2.28m NOK (25% → 17% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 3.10m NOK → 10.85m NOK (+250.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 5 525 NOK → 10.90m NOK. Reported fact