TOMRA SYSTEMS ASA: årsregnskap 2015 vs 2014
Grew 81% on revenue, returned to profit, cash halved-plus
approved 2016-04-25; registry 2016-06-22; journal 2016 553806
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for TOMRA SYSTEMS ASA. Revenue 892.2k NOK → 1.61m NOK (+80.6%). Net result -54.60m NOK → +344.00m NOK. Equity 1.39bn NOK → 1.46bn NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for TOMRA SYSTEMS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 892.2k NOK to 1.61m NOK (+80.6% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 54.60m NOK to a profit of 344.00m NOK. Calculated
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Equity strengthened
Book equity 1.39bn NOK → 1.46bn NOK (equity ratio 32.3% → 33.0%). Calculated
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Payroll decreased
Salary cost 148.00m NOK → 17.18m NOK (16588% → 1067% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +174.00m NOK → +418.0k NOK (op. margin 19502.4% → 25.9%). Calculated
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Cash fell
Bank deposits 18.17bn NOK → 170 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (18.17bn NOK → 170 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 488.00m NOK → 2.91m NOK (-99.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.72bn NOK → 3.79bn NOK. Reported fact