ECOTEQ ENERGY ASA: årsregnskap 2015 vs 2014
Shrank 28% on revenue, weaker earnings, fresh owner capital
approved 2016-07-18; registry 2016-08-13; journal 2016 823334
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ECOTEQ ENERGY ASA. Revenue 768.0k NOK → 553.0k NOK (-28.0%). Net result -26.53m NOK → -611.20m NOK. Equity 2.61m NOK → 769.14m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.61m NOK → 769.14m NOK (equity ratio 39.0% → 99.3%). Calculated
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↑
Cash rose
Bank deposits 299 NOK → 24.0k NOK (+7926.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 88.71m NOK → 1.47bn NOK (+1.38bn NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 768.0k NOK to 553.0k NOK (-28.0% YoY). Calculated
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↓
Net result weakened
Net result -26.53m NOK → -611.20m NOK (net margin -3454.0% → -110523.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.64× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.38m NOK → 2.19m NOK (-7.9% YoY). Calculated