10X CAPITAL AS: årsregnskap 2016 vs 2015
Shrank 10% on revenue, slipped into loss
approved 2017-05-11; registry 2017-05-30; journal 2017 356925
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 10X CAPITAL AS. Revenue 775.3k NOK → 697.1k NOK (-10.1%). Net result +41.8k NOK → -58.2k NOK. Equity 65.1k NOK → 6 968 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 10X CAPITAL AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 775.3k NOK to 697.1k NOK (-10.1% YoY). Calculated
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Operating result weakened
Operating result +41.7k NOK → -58.2k NOK (op. margin 5.4% → -8.4%). Calculated
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Fell into a net loss
Net result flipped from 41.8k NOK profit to a loss of 58.2k NOK. Calculated
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Equity eroded
Book equity 65.1k NOK → 6 968 NOK (equity ratio 32.9% → 6.4%). Calculated
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Cash fell
Bank deposits 126.3k NOK → 81.4k NOK (-35.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation