AIRGENIC AS: årsregnskap 2015 vs 2014
Grew 20% on revenue, returned to profit
approved 2016-06-24; registry 2016-07-05; journal 2016 627157
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AIRGENIC AS. Revenue 4.20m NOK → 5.03m NOK (+19.9%). Net result -51.3k NOK → +737.7k NOK. Equity 987.6k NOK → 725.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRGENIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.20m NOK to 5.03m NOK (+19.9% YoY). Calculated
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↑
Operating result improved
Operating result -89.9k NOK → +648.3k NOK (op. margin -2.1% → 12.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 51.3k NOK to a profit of 737.7k NOK. Calculated
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↑
Cash rose
Bank deposits 353.1k NOK → 1.08m NOK (+206.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 987.6k NOK → 725.3k NOK (equity ratio 56.9% → 33.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.02m NOK → 2.19m NOK (48% → 43% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.27m NOK → 1.34m NOK (+5.7% YoY). Calculated