AKADEMIET VGS BISLETT AS: årsregnskap 2015 vs 2014
Shrank 6% on revenue, stronger earnings
approved 2016-03-01; registry 2016-06-16; journal 2016 525401
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AKADEMIET VGS BISLETT AS. Revenue 25.24m NOK → 23.81m NOK (-5.7%). Net result +439.9k NOK → +547.4k NOK. Equity -3.22m NOK → -2.67m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKADEMIET VGS BISLETT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +439.9k NOK → +547.4k NOK (net margin 1.7% → 2.3%). Calculated
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↑
Equity strengthened
Book equity -3.22m NOK → -2.67m NOK (equity ratio -104.5% → -120.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.24m NOK to 23.81m NOK (-5.7% YoY). Calculated
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↓
Cash fell
Bank deposits 1.01m NOK → 957.1k NOK (-5.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -120.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 435.5k NOK → 344.9k NOK (-20.8% YoY). Calculated