AGROØST AS: årsregnskap 2015 vs 2014
Shrank 16% on revenue, returned to profit
approved 2016-02-23; registry 2016-06-13; journal 2016 502757
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AGROØST AS. Revenue 3.40m NOK → 2.87m NOK (-15.6%). Net result -72.7k NOK → +40.5k NOK. Equity -566.2k NOK → -525.7k NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGROØST AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 72.7k NOK to a profit of 40.5k NOK. Calculated
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↑
Equity strengthened
Book equity -566.2k NOK → -525.7k NOK (equity ratio -44.4% → -49.2%). Calculated
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↑
Payroll decreased
Salary cost 728.5k NOK → 686.1k NOK (21% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.40m NOK to 2.87m NOK (-15.6% YoY). Calculated
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↓
Cash fell
Bank deposits 21.1k NOK → 13.1k NOK (-38.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -49.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.81m NOK → 478.1k NOK (-73.6% YoY). Calculated