GOODTECH ASA: årsregnskap 2015 vs 2014
Shrank 66% on revenue, slipped into loss
approved 2016-03-16; registry 2016-06-27; journal 2016 587481
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for GOODTECH ASA. Revenue 17.78m NOK → 6.12m NOK (-65.6%). Net result +583.0k NOK → -169.51m NOK. Equity 590.1k NOK → 326.98m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 590.1k NOK → 326.98m NOK (equity ratio 83.1% → 86.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 1.05×. Calculated
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↑
Payroll decreased
Salary cost 24.18m NOK → 11.47m NOK (136% → 188% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.78m NOK to 6.12m NOK (-65.6% YoY). Calculated
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↓
Operating result weakened
Operating result -23.13m NOK → -71.78m NOK (op. margin -130.1% → -1173.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 583.0k NOK profit to a loss of 169.51m NOK. Calculated
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↓
Cash fell
Bank deposits 1.08m NOK → 949.0k NOK (-12.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 589.75m NOK → 435.31m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 14.12m NOK → 3.35m NOK (-76.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 572.5k NOK → 277.47m NOK. Reported fact