1 SAX AS: årsregnskap 2016 vs 2015
Shrank 42% on revenue, cash halved-plus
approved 2017-05-02; registry 2017-06-19; journal 2017 473245
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 1 SAX AS. Revenue 69.0k NOK → 40.1k NOK (-41.8%). Equity 23.0k NOK → -32.1k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1 SAX AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 69.0k NOK to 40.1k NOK (-41.8% YoY). Calculated
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Operating result weakened
Operating result +39.7k NOK → +21.2k NOK (op. margin 57.6% → 52.9%). Calculated
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↓
Equity eroded
Book equity 23.0k NOK → -32.1k NOK (equity ratio 1.6% → -2.3%). Calculated
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Cash fell
Bank deposits 24.3k NOK → 11.9k NOK (-51.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.97× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation