AJI AS: årsregnskap 2015 vs 2014
Shrank 74% on revenue, weaker earnings, cash halved-plus
approved 2016-06-30; registry 2016-09-05; journal 2016 909018
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AJI AS. Revenue 3.85m NOK → 1.01m NOK (-73.7%). Net result -109.2k NOK → -465.5k NOK. Equity 22.6k NOK → -442.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AJI AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 411.4k NOK → 90.5k NOK (11% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.85m NOK to 1.01m NOK (-73.7% YoY). Calculated
-
↓
Net result weakened
Net result -109.2k NOK → -465.5k NOK (net margin -2.8% → -46.1%). Calculated
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↓
Equity eroded
Book equity 22.6k NOK → -442.9k NOK (equity ratio 1.2% → -85.6%). Calculated
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↓
Cash fell
Bank deposits 71.0k NOK → 4 134 NOK (-94.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.10× → 0.02× — 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 -85.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.76m NOK → 735.2k NOK (-73.4% YoY). Calculated