FirmaIQ
Org.nr 995 251 094 2014 → 2015 Year-over-year analysis

24SEVENOFFICE NORWAY AS: årsregnskap 2015 vs 2014

Grew 7% on revenue, cash halved-plus

approved 2016-06-03; registry 2016-06-29; journal 2016 591687

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for 24SEVENOFFICE NORWAY AS. Revenue 43.64m NOK → 46.58m NOK (+6.7%). Equity -22.02m NOK → -24.81m NOK.

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

Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.

At a glance

Scorecard

Revenue
43.64m NOK 46.58m NOK
+6.7%
Equity
-22.02m NOK -24.81m NOK
-12.7%
Cash
5.70m NOK 1.36m NOK
-76.2%
Total assets
23.25m NOK 24.38m NOK
+4.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 43.64m NOK to 46.58m NOK (+6.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -22.02m NOK → -24.81m NOK (equity ratio -94.7% → -101.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.70m NOK → 1.36m NOK (-76.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -101.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.70m NOK → 1.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 10.69m NOK → 6.01m NOK (-43.8% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 6.80m NOK → 7.94m NOK. Reported fact