ARRIBATEC GROUP ASA: årsregnskap 2015 vs 2014
Grew 39% on revenue, returned to profit, cash halved-plus
approved 2016-04-28; registry 2016-07-12; journal 2016 677014
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ARRIBATEC GROUP ASA. Revenue 38.28m NOK → 53.02m NOK (+38.5%). Net result -3.90m NOK → +231.85m NOK. Equity 219.5k NOK → 116.16m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ARRIBATEC GROUP ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 38.28m NOK to 53.02m NOK (+38.5% YoY). Calculated
-
↑
Operating result improved
Operating result -20.62m NOK → +2.63m NOK (op. margin -53.9% → 5.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 3.90m NOK to a profit of 231.85m NOK. Calculated
-
↑
Equity strengthened
Book equity 219.5k NOK → 116.16m NOK (equity ratio 72.3% → 41.0%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 221.4k NOK → 116.16m NOK (+115.93m NOK). Reported fact
What deteriorated
-
↓
Cash fell
Bank deposits 106.50m NOK → 25.48m NOK (-76.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.93× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (106.50m NOK → 25.48m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 260.3k NOK → 127.61m NOK. Reported fact