AHR AS: årsregnskap 2015 vs 2014
Shrank 29% on revenue, stronger earnings, cash halved-plus
approved 2016-06-30; registry 2016-08-30; journal 2016 880369
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AHR AS. Revenue 477.2k NOK → 337.6k NOK (-29.2%). Net result +215.9k NOK → +452.9k NOK. Equity -325.5k NOK → 127.4k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AHR AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +215.9k NOK → +452.9k NOK (net margin 45.3% → 134.1%). Calculated
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↑
Equity strengthened
Book equity -325.5k NOK → 127.4k NOK (equity ratio -4.2% → 2.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 477.2k NOK to 337.6k NOK (-29.2% YoY). Calculated
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↓
Operating result weakened
Operating result +244.5k NOK → +187.3k NOK (op. margin 51.2% → 55.5%). Calculated
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↓
Cash fell
Bank deposits 2.27m NOK → 466.0k NOK (-79.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.72× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.27m NOK → 466.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3.70m NOK → 451.4k NOK. Reported fact