EMPOWERED AS: årsregnskap 2015 vs 2014
Weaker earnings, cash halved-plus
approved 2016-05-10; registry 2016-05-21; journal 2016 434833
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for EMPOWERED AS. Net result -9 371 NOK → -20.7k NOK. Equity 18.9k NOK → -1 814 NOK.
Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for EMPOWERED AS.
At a glance
Scorecard
What deteriorated
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↓
Net result weakened
Net result -9 371 NOK → -20.7k NOK. Calculated
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↓
Equity eroded
Book equity 18.9k NOK → -1 814 NOK (equity ratio 44.8% → -17.0%). Calculated
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↓
Cash fell
Bank deposits 40.7k NOK → 10.6k NOK (-74.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.81× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation