AGRITEKNIKK HOLDING AS: årsregnskap 2015 vs 2014
Shrank 43% on revenue, fresh owner capital
approved 2016-04-30; registry 2016-05-10; journal 2016 413783
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AGRITEKNIKK HOLDING AS. Revenue 5.92m NOK → 3.39m NOK (-42.8%). Net result +698.0k NOK → +645.2k NOK. Equity 626.3k NOK → 193.8k NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGRITEKNIKK HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 547.9k NOK → 942.1k NOK (+71.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 21.3k NOK → 30.0k NOK (+8 666 NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.92m NOK to 3.39m NOK (-42.8% YoY). Calculated
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↓
Operating result weakened
Operating result +965.0k NOK → +858.9k NOK (op. margin 16.3% → 25.4%). Calculated
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↓
Net result weakened
Net result +698.0k NOK → +645.2k NOK (net margin 11.8% → 19.1%). Calculated
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↓
Equity eroded
Book equity 626.3k NOK → 193.8k NOK (equity ratio 26.5% → 8.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 309.9k NOK → 331.9k NOK (5% → 10% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.48m NOK → 1.88m NOK (-46.1% YoY). Calculated