AIR-TECH AS: årsregnskap 2015 vs 2014
Grew 24% on revenue, stronger earnings, cash halved-plus
approved 2016-04-29; registry 2016-08-02; journal 2016 786090
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AIR-TECH AS. Revenue 3.86m NOK → 4.78m NOK (+23.6%). Net result +518.1k NOK → +705.7k NOK. Equity 100.0k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.86m NOK to 4.78m NOK (+23.6% YoY). Calculated
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↑
Operating result improved
Operating result +518.1k NOK → +705.7k NOK (op. margin 13.4% → 14.8%). Calculated
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↑
Net result improved
Net result +518.1k NOK → +705.7k NOK (net margin 13.4% → 14.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 686.7k NOK → 245.9k NOK (-64.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.63m NOK → 1.73m NOK (42% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.24m NOK → 1.86m NOK (+50.4% YoY). Calculated