AGRITRADE AS: årsregnskap 2015 vs 2014
Shrank 30% on revenue
approved 2016-04-22; registry 2016-04-26; journal 2016 391206
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AGRITRADE AS. Revenue 4.08m NOK → 2.86m NOK (-30.0%). Net result -700.8k NOK → -765.7k NOK. Equity -738.0k NOK → -1.50m NOK.
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 AGRITRADE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.08m NOK to 2.86m NOK (-30.0% YoY). Calculated
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↓
Operating result weakened
Operating result -298.6k NOK → -331.2k NOK (op. margin -7.3% → -11.6%). Calculated
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↓
Net result weakened
Net result -700.8k NOK → -765.7k NOK (net margin -17.2% → -26.8%). Calculated
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↓
Equity eroded
Book equity -738.0k NOK → -1.50m NOK (equity ratio -14.3% → -38.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 8 594 NOK → 445.9k NOK (0% → 16% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -38.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.68m NOK → 2.59m NOK (-29.5% YoY). Calculated