FirmaIQ
Org.nr 929 897 404 2014 → 2015 Year-over-year analysis

SOLVANG ASA: årsregnskap 2015 vs 2014

Weaker earnings

approved 2016-05-12; registry 2016-08-10; journal 2016 813215

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for SOLVANG ASA. Revenue 54.81m NOK → 57.13m NOK (+4.2%). Net result +9.15m NOK → +581.0k NOK. Equity 542.73m NOK → 503.17m NOK.

On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.

At a glance

Scorecard

Revenue
54.81m NOK 57.13m NOK
+4.2%
Operating result
+1.81m NOK +2.21m NOK
+21.5%
Net result
+9.15m NOK +581.0k NOK
-93.6%
Equity
542.73m NOK 503.17m NOK
-7.3%
Cash
18.84m NOK 12.07m NOK
-35.9%
Total assets
668.97m NOK 620.48m NOK
-7.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 54.81m NOK to 57.13m NOK (+4.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.81m NOK → +2.21m NOK (op. margin 3.3% → 3.9%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.33× → 209.88×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +9.15m NOK → +581.0k NOK (net margin 16.7% → 1.0%). Calculated

  • ↓

    Equity eroded

    Book equity 542.73m NOK → 503.17m NOK (equity ratio 81.1% → 81.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 18.84m NOK → 12.07m NOK (-35.9% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 626.5k NOK → 555.77m NOK. Reported fact