FirmaIQ
Org.nr 997 549 546 2014 → 2015 Year-over-year analysis

10XNORTH AS: årsregnskap 2015 vs 2014

Grew 15% on revenue

approved 2016-02-20; registry 2016-04-16; journal 2016 370021

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for 10XNORTH AS. Revenue 3.45m NOK → 3.95m NOK (+14.5%). Equity 972.5k NOK → 100.4k NOK.

On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 10XNORTH AS.

At a glance

Scorecard

Revenue
3.45m NOK 3.95m NOK
+14.5%
Equity
972.5k NOK 100.4k NOK
-89.7%
Cash
1.07m NOK 1.30m NOK
+20.8%
Total assets
2.16m NOK 2.32m NOK
+7.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.45m NOK to 3.95m NOK (+14.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.07m NOK → 1.30m NOK (+20.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 822.2k NOK → 723.1k NOK (24% → 18% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 972.5k NOK → 100.4k NOK (equity ratio 45.0% → 4.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 1.84m NOK → 2.39m NOK (+29.9% YoY). Calculated