NEKKAR ASA: årsregnskap 2015 vs 2014
Grew 43% on revenue, weaker earnings, fresh owner capital
approved 2016-06-02; registry 2016-09-07; journal 2016 912492
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for NEKKAR ASA. Revenue 34.27m NOK → 49.15m NOK (+43.4%). Net result -21.82m NOK → -48.67m NOK. Equity 468.95m NOK → 536.7k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for NEKKAR ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 34.27m NOK to 49.15m NOK (+43.4% YoY). Calculated
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Cash rose
Bank deposits 4 012 NOK → 398.0k NOK (+9820.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 158.9k NOK → 158.89m NOK (+158.73m NOK). Reported fact
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Payroll decreased
Salary cost 597.39m NOK → 5.70m NOK (1743% → 12% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -21.82m NOK → -48.67m NOK (net margin -63.7% → -99.0%). Calculated
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↓
Equity eroded
Book equity 468.95m NOK → 536.7k NOK (equity ratio 57.7% → 0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 70.90× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 691.98m NOK. Reported fact