OTELLO CORPORATION ASA: årsregnskap 2015 vs 2014
Grew 85759% on revenue, cash halved-plus, fresh owner capital
approved 2016-04-30; registry 2016-09-06; journal 2016 908236
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for OTELLO CORPORATION ASA. Revenue 198.0k NOK → 170.00m NOK (+85758.6%). Net result -59.00m NOK → -50.00m NOK. Equity 315.0k NOK → 401.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 198.0k NOK to 170.00m NOK (+85758.6% YoY). Calculated
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Net result improved
Net result -59.00m NOK → -50.00m NOK (net margin -29798.0% → -29.4%). Calculated
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Equity strengthened
Book equity 315.0k NOK → 401.0k NOK (equity ratio 53.6% → 0.1%). Calculated
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Owners injected capital
Paid-in equity rose 284.0k NOK → 275.00m NOK (+274.72m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +39.00m NOK → +9.00m NOK (op. margin 19697.0% → 5.3%). Calculated
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Cash fell
Bank deposits 74.00m NOK → 7.00m NOK (-90.5% YoY). 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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Sharp cash drawdown
Cash fell by more than 60% YoY (74.00m NOK → 7.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5.16m NOK → 5.17m NOK (2604% → 3% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 5.25m NOK (None YoY). Calculated
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Book investments changed
Investment / intangible book value 8.00m NOK → 8 NOK. Reported fact