NOFENCE AS: årsregnskap 2015 vs 2014
Grew 84% on revenue, weaker earnings, fresh owner capital
approved 2016-06-14; registry 2016-09-10; journal 2016 926319
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for NOFENCE AS. Revenue 55.0k NOK → 101.1k NOK (+83.9%). Net result -209.9k NOK → -386.7k NOK. Equity 1.10m NOK → 3.07m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 55.0k NOK to 101.1k NOK (+83.9% YoY). Calculated
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↑
Equity strengthened
Book equity 1.10m NOK → 3.07m NOK (equity ratio 393.7% → 375.2%). Calculated
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Cash rose
Bank deposits 45.3k NOK → 198.5k NOK (+338.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.97m NOK → 4.33m NOK (+2.36m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -289.0k NOK → -478.3k NOK (op. margin -525.4% → -472.9%). Calculated
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↓
Net result weakened
Net result -209.9k NOK → -386.7k NOK (net margin -381.7% → -382.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 108.6k NOK → 126.0k NOK (197% → 125% of revenue). Calculated