KONGSBERG AUTOMOTIVE ASA: årsregnskap 2015 vs 2014
Stronger earnings, cash halved-plus
approved 2016-03-31; registry 2016-04-26; journal 2016 391408
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for KONGSBERG AUTOMOTIVE ASA. Revenue 41.30m NOK → 43.00m NOK (+4.1%). Net result +5.10m NOK → +20.30m NOK. Equity 310.2k NOK → 308.60m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 41.30m NOK to 43.00m NOK (+4.1% YoY). Calculated
-
↑
Net result improved
Net result +5.10m NOK → +20.30m NOK (net margin 12.3% → 47.2%). Calculated
-
↑
Equity strengthened
Book equity 310.2k NOK → 308.60m NOK (equity ratio 48.3% → 48.4%). Calculated
-
↑
Payroll decreased
Salary cost 6.80m NOK → 5.90m NOK (16% → 14% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 5.30m NOK → 1.40m NOK (-73.6% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.30m NOK → 1.40m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 208.70m NOK → 196.50m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 430.60m NOK → 444.6k NOK (-99.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 611.7k NOK → 599.25m NOK. Reported fact