2 PLAY AS: årsregnskap 2016 vs 2015
Stronger earnings, cash halved-plus
approved 2017-06-30; registry 2017-08-02; journal 2017 794236
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 2 PLAY AS. Revenue 6.44m NOK → 6.58m NOK (+2.2%). Net result -395.44bn NOK → -979.3k NOK. Equity 330.3k NOK → -649.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 2 PLAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.44m NOK to 6.58m NOK (+2.2% YoY). Calculated
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↑
Operating result improved
Operating result -524.00bn NOK → -880.4k NOK (op. margin -8140985.7% → -13.4%). Calculated
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↑
Net result improved
Net result -395.44bn NOK → -979.3k NOK (net margin -6143744.9% → -14.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 330.3k NOK → -649.0k NOK (equity ratio 11.5% → -18.1%). Calculated
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↓
Cash fell
Bank deposits 738.2k NOK → 35.1k NOK (-95.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.98× — 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 -18.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 330.3k NOK → 150.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1.56m NOK → 1.83m NOK (24% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.36m NOK → 3.46m NOK (+2.9% YoY). Calculated