1080 MAP AS: årsregnskap 2015 vs 2014
Shrank 91% on revenue, stronger earnings
approved 2016-06-30; registry 2016-09-07; journal 2016 914062
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 1080 MAP AS. Revenue 231.5k NOK → 19.9k NOK (-91.4%). Net result -420.2k NOK → -22.1k NOK. Equity -329.0k NOK → -351.1k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1080 MAP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -420.1k NOK → -22.9k NOK (op. margin -181.5% → -114.9%). Calculated
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Net result improved
Net result -420.2k NOK → -22.1k NOK (net margin -181.5% → -111.1%). Calculated
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Cash rose
Bank deposits 27.1k NOK → 57.7k NOK (+112.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 231.5k NOK to 19.9k NOK (-91.4% YoY). Calculated
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Equity eroded
Book equity -329.0k NOK → -351.1k NOK (equity ratio -381.3% → -539.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -539.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation