Org.nr 997 410 440 2014 → 2015 Year-over-year analysis

NORDIC FINANCIALS ASA: årsregnskap 2015 vs 2014

Grew 133% on revenue, cash halved-plus

approved 2016-05-18; registry 2016-07-16; journal 2016 688044

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for NORDIC FINANCIALS ASA. Revenue -2.19m NOK → 724.1k NOK (+133.1%). Equity 3.44m NOK → 3.15m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for NORDIC FINANCIALS ASA.

At a glance

Revenue

-2.19m NOK 724.1k NOK

+133.1%

Operating result

n/m -858.2k NOK

—

Equity

3.44m NOK 3.15m NOK

-8.5%

Cash

3.90m NOK 899.9k NOK

-76.9%

Total assets

3.92m NOK 3.48m NOK

-11.3%

↑
Revenue rose

Operating income / revenue moved from -2.19m NOK to 724.1k NOK (+133.1% YoY). Calculated

↓
Equity eroded

Book equity 3.44m NOK → 3.15m NOK (equity ratio 87.9% → 90.6%). Calculated
↓
Cash fell

Bank deposits 3.90m NOK → 899.9k NOK (-76.9% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.90m NOK → 899.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation