Moelven Industrier ASA: årsregnskap 2015 vs 2014
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2016-04-26; registry 2016-05-26; journal 2016 443449
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for Moelven Industrier ASA. Revenue 88.50m NOK → 95.96m NOK (+8.4%). Net result +89.00m NOK → +117.00m NOK. Equity 867.17m NOK → 864.54m NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for Moelven Industrier ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 88.50m NOK to 95.96m NOK (+8.4% YoY). Calculated
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Net result improved
Net result +89.00m NOK → +117.00m NOK (net margin 100.6% → 121.9%). Calculated
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Payroll decreased
Salary cost 59.60m NOK → 11 NOK (67% → 0% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +204.00m NOK → +215.0k NOK (op. margin 230.5% → 0.2%). Calculated
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↓
Equity eroded
Book equity 867.17m NOK → 864.54m NOK (equity ratio 33.3% → 32.7%). Calculated
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Cash fell
Bank deposits 12.07m NOK → 2 824 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (12.07m NOK → 2 824 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 5.84bn NOK → 6.16bn NOK (+5.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 831.0k NOK → 2.51bn NOK. Reported fact