123 MINILAGER AS: årsregnskap 2016 vs 2015
Shrank 91% on revenue, weaker earnings
approved 2017-05-17; registry 2017-07-06; journal 2017 602745
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 123 MINILAGER AS. Revenue 217.0k NOK → 20.0k NOK (-90.8%). Net result -50.2k NOK → -461.3k NOK. Equity 394.3k NOK → -77.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 123 MINILAGER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 10.3k NOK → 31.2k NOK (+203.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 217.0k NOK to 20.0k NOK (-90.8% YoY). Calculated
-
↓
Net result weakened
Net result -50.2k NOK → -461.3k NOK (net margin -23.1% → -2306.4%). Calculated
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↓
Equity eroded
Book equity 394.3k NOK → -77.6k NOK (equity ratio 83.2% → -11.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 469.9k NOK (0% → 2349% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 4 506 NOK → 40.1k NOK (+788.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 285.6k NOK → 266.0k NOK — check capital reduction, conversion, or reclassification. Interpretation