ENDÚR ASA: årsregnskap 2015 vs 2014
Shrank 99% on revenue, stronger earnings, cash halved-plus
approved 2016-04-29; registry 2016-08-29; journal 2016 867230
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ENDÚR ASA. Revenue 752.19m NOK → 4.21m NOK (-99.4%). Net result -133.61m NOK → -38.43m NOK. Equity 51.49m NOK → -19.73m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ENDÚR ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -133.61m NOK → -38.43m NOK (net margin -17.8% → -913.2%). Calculated
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Payroll decreased
Salary cost 5.28m NOK → 5.11m NOK (1% → 121% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 752.19m NOK to 4.21m NOK (-99.4% YoY). Calculated
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Equity eroded
Book equity 51.49m NOK → -19.73m NOK (equity ratio 3.6% → -1.4%). Calculated
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Cash fell
Bank deposits 18.67m NOK → 3.90m NOK (-79.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (18.67m NOK → 3.90m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 1.55m NOK → 1.30m NOK (-16.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.22bn NOK → 1.21bn NOK. Reported fact