MORROW BATTERIES ASA: årsregnskap 2015 vs 2014
Weaker earnings
approved 2016-06-24; registry 2016-07-28; journal 2016 758180
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for MORROW BATTERIES ASA. Net result -3 819 NOK → -15.2k NOK. Equity 26.2k NOK → 11.0k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for MORROW BATTERIES ASA.
At a glance
Scorecard
Operating result
-2 515 NOK
-5 099 NOK
-102.7%
Net result
-3 819 NOK
-15.2k NOK
-297.4%
Equity
26.2k NOK
11.0k NOK
-58.0%
Cash
36.7k NOK
36.7k NOK
0.0%
Total assets
704.1k NOK
674.6k NOK
-4.2%
What deteriorated
-
↓
Operating result weakened
Operating result -2 515 NOK → -5 099 NOK. Calculated
-
↓
Net result weakened
Net result -3 819 NOK → -15.2k NOK. Calculated
-
↓
Equity eroded
Book equity 26.2k NOK → 11.0k NOK (equity ratio 3.7% → 1.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation