BORREGAARD ASA: årsregnskap 2015 vs 2014
Grew 6% on revenue, returned to profit, cash halved-plus
approved 2016-03-15; registry 2016-09-12; journal 2016 944992
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for BORREGAARD ASA. Revenue 3.94bn NOK → 4.16bn NOK (+5.7%). Net result -2.00m NOK → +384.0k NOK. Equity 1.88bn NOK → 1.86bn NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for BORREGAARD ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.94bn NOK to 4.16bn NOK (+5.7% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2.00m NOK to a profit of 384.0k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.88bn NOK → 1.86bn NOK (equity ratio 77.6% → 75.8%). Calculated
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↓
Cash fell
Bank deposits 1.90m NOK → 367.0k NOK (-80.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.90m NOK → 367.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 1.88bn NOK → 1.86bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 2.37bn NOK → 2.30bn NOK. Reported fact