FirmaIQ
Org.nr 976 813 332 2015 → 2016 Year-over-year analysis

24/7 EKSPRESS AS: årsregnskap 2016 vs 2015

Shrank 14% on revenue, fresh owner capital

approved 2017-06-30; registry 2017-08-01; journal 2017 792846

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 24/7 EKSPRESS AS. Revenue 4.10m NOK → 3.52m NOK (-14.0%). Equity -193.4k NOK → 49.2k NOK.

On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 24/7 EKSPRESS AS.

At a glance

Scorecard

Revenue
4.10m NOK 3.52m NOK
-14.0%
Equity
-193.4k NOK 49.2k NOK
+125.4%
Cash
208.4k NOK 317.6k NOK
+52.4%
Total assets
915.5k NOK 59.1k NOK
-93.5%

What improved

  • ↑

    Equity strengthened

    Book equity -193.4k NOK → 49.2k NOK (equity ratio -21.1% → 83.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 208.4k NOK → 317.6k NOK (+52.4% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.98× → 1.83×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 360 NOK → 360.0k NOK (+359.6k NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.10m NOK to 3.52m NOK (-14.0% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 896.7k NOK → 1.10m NOK (22% → 31% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 651.4k NOK → 367.9k NOK (-43.5% YoY). Calculated