AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2015 vs 2014
Shrank 11% on revenue, weaker earnings
approved 2016-10-07; registry 2016-10-10; journal 2016 959158
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 7.67m NOK → 6.85m NOK (-10.7%). Net result -534.1k NOK → -770.1k NOK. Equity -676.9k NOK → -1.45m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 2.84m NOK → 2.23m NOK (37% → 33% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.67m NOK to 6.85m NOK (-10.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -309.6k NOK → -602.1k NOK (op. margin -4.0% → -8.8%). Calculated
-
↓
Net result weakened
Net result -534.1k NOK → -770.1k NOK (net margin -7.0% → -11.2%). Calculated
-
↓
Equity eroded
Book equity -676.9k NOK → -1.45m NOK (equity ratio -27.5% → -78.4%). Calculated
-
↓
Cash fell
Bank deposits 94.2k NOK → 65.7k NOK (-30.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -78.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation