ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2015 vs 2014
Shrank 10% on revenue, weaker earnings
approved 2016-03-16; registry 2016-09-27; journal 2016 954828
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 11.06m NOK → 9.93m NOK (-10.2%). Net result -3.18m NOK → -17.34m NOK. Equity 308.0k NOK → 306.51m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 308.0k NOK → 306.51m NOK (equity ratio 98.8% → 98.8%). Calculated
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↑
Cash rose
Bank deposits 88.28m NOK → 134.49m NOK (+52.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 215.2k NOK → 220.3k NOK (+5 176 NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.06m NOK to 9.93m NOK (-10.2% YoY). Calculated
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↓
Net result weakened
Net result -3.18m NOK → -17.34m NOK (net margin -28.7% → -174.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 10.64m NOK → 12.09m NOK (96% → 122% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 21.04m NOK → 16.20m NOK (-23.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 174.7k NOK → 174.61m NOK. Reported fact