NORTH ENERGY ASA: årsregnskap 2015 vs 2014
Grew 54% on revenue, slipped into loss
approved 2016-06-17; registry 2016-07-07; journal 2016 633212
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for NORTH ENERGY ASA. Revenue 3.49m NOK → 5.37m NOK (+53.7%). Net result +42.8k NOK → -104.24m NOK. Equity 413.04m NOK → 309.69m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.49m NOK to 5.37m NOK (+53.7% YoY). Calculated
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↑
Cash rose
Bank deposits 25.62m NOK → 34.64m NOK (+35.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +457.3k NOK → -500.47m NOK (op. margin 13.1% → -9324.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 42.8k NOK profit to a loss of 104.24m NOK. Calculated
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↓
Equity eroded
Book equity 413.04m NOK → 309.69m NOK (equity ratio 63819.1% → 47.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 52.9k NOK → 40.29m NOK (2% → 751% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 10.89m NOK → 26 NOK. Reported fact