AKERSHUS VVS AS: årsregnskap 2015 vs 2014
Grew 23% on revenue, weaker earnings
approved 2016-03-14; registry 2016-04-14; journal 2016 366868
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AKERSHUS VVS AS. Revenue 10.36m NOK → 12.75m NOK (+23.1%). Net result +276.29m NOK → +288.4k NOK. Equity 1.82m NOK → 1.51m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.36m NOK to 12.75m NOK (+23.1% YoY). Calculated
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↑
Operating result improved
Operating result +475.65m NOK → +1.86bn NOK (op. margin 4591.8% → 14598.4%). Calculated
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Cash rose
Bank deposits 403.3k NOK → 678.8k NOK (+68.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +276.29m NOK → +288.4k NOK (net margin 2667.3% → 2.3%). Calculated
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↓
Equity eroded
Book equity 1.82m NOK → 1.51m NOK (equity ratio 34.2% → 27.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.38× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 3.59m NOK → 4.03m NOK (35% → 32% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.48m NOK → 4.86m NOK (+8.4% YoY). Calculated