AJ TRADING AS: årsregnskap 2015 vs 2014
Shrank 20% on revenue, weaker earnings, cash halved-plus
approved 2016-06-30; registry 2016-08-02; journal 2016 783517
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AJ TRADING AS. Revenue 50.0k NOK → 40.0k NOK (-20.0%). Net result +26.3k NOK → +16.1k NOK. Equity -663.9k NOK → -644.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ TRADING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -663.9k NOK → -644.8k NOK (equity ratio -1254.7% → -5392.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 50.0k NOK to 40.0k NOK (-20.0% YoY). Calculated
-
↓
Net result weakened
Net result +26.3k NOK → +16.1k NOK (net margin 52.6% → 40.1%). Calculated
-
↓
Cash fell
Bank deposits 34.2k NOK → 12.0k NOK (-65.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.59× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 11.4k NOK → 24.0k NOK (23% → 60% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5392.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation