1ST BRANDS AS: årsregnskap 2016 vs 2015
Grew 8% on revenue, slipped into loss, cash halved-plus
approved 2017-07-31; registry 2017-08-08; journal 2017 831922
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 1ST BRANDS AS. Revenue 8.36m NOK → 9.04m NOK (+8.1%). Net result +97.1k NOK → -560.5k NOK. Equity 72.3k NOK → -488.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.36m NOK to 9.04m NOK (+8.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +146.9k NOK → -723.2k NOK (op. margin 1.8% → -8.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 97.1k NOK profit to a loss of 560.5k NOK. Calculated
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↓
Equity eroded
Book equity 72.3k NOK → -488.3k NOK (equity ratio 6.6% → -53.4%). Calculated
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↓
Cash fell
Bank deposits 600.1k NOK → 91.8k NOK (-84.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 131.25× → 0.44× — 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 -53.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.80m NOK → 4.99m NOK (45% → 55% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.40m NOK → 3.47m NOK (+2.0% YoY). Calculated