NOREXECO ASA: årsregnskap 2015 vs 2014
Shrank 47% on revenue, fresh owner capital
approved 2016-03-09; registry 2016-08-01; journal 2016 780761
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for NOREXECO ASA. Revenue 1.11m NOK → 591.6k NOK (-46.6%). Equity 19.70m NOK → 18.10m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NOREXECO ASA.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 29.09m NOK → 37.10m NOK (+8.01m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.11m NOK to 591.6k NOK (-46.6% YoY). Calculated
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↓
Operating result weakened
Operating result -10.03m NOK → -11.85m NOK (op. margin -904.8% → -2002.6%). Calculated
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↓
Equity eroded
Book equity 19.70m NOK → 18.10m NOK (equity ratio 88.6% → 84.3%). Calculated
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↓
Cash fell
Bank deposits 9.24m NOK → 4.80m NOK (-48.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 7.02m NOK → 7.57m NOK (633% → 1279% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 436.8k NOK → 95.0k NOK. Reported fact