PHOTOCURE ASA: årsregnskap 2015 vs 2014
Shrank 96% on revenue, cash halved-plus
approved 2016-04-28; registry 2016-09-12; journal 2016 935409
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for PHOTOCURE ASA. Revenue 3.13bn NOK → 113.29m NOK (-96.4%). Equity 417.5k NOK → 423.9k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for PHOTOCURE ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 417.5k NOK → 423.9k NOK (equity ratio 93.8% → 92.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 48.49m NOK → 53.81m NOK (+5.32m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.13bn NOK to 113.29m NOK (-96.4% YoY). Calculated
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↓
Cash fell
Bank deposits 161.29m NOK → 17.55m NOK (-89.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.65× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (161.29m NOK → 17.55m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 223.7k NOK → 5.93m NOK. Reported fact