AK. GRIEG NORGE AS: årsregnskap 2015 vs 2014
Shrank 18% on revenue, slipped into loss
approved 2016-06-15; registry 2016-06-27; journal 2016 577315
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AK. GRIEG NORGE AS. Revenue 190.4k NOK → 156.4k NOK (-17.8%). Net result +2 025 NOK → -31.1k NOK. Equity -279.4k NOK → -310.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 190.4k NOK to 156.4k NOK (-17.8% YoY). Calculated
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Operating result weakened
Operating result -8 635 NOK → -37.6k NOK (op. margin -4.5% → -24.0%). Calculated
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Fell into a net loss
Net result flipped from 2 025 NOK profit to a loss of 31.1k NOK. Calculated
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Equity eroded
Book equity -279.4k NOK → -310.6k NOK (equity ratio -42.9% → -65.6%). Calculated
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Cash fell
Bank deposits 571.8k NOK → 368.6k NOK (-35.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -65.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 97.8k NOK → 65.5k NOK (-33.0% YoY). Calculated