24SEVENOFFICE NORWAY AS: årsregnskap 2016 vs 2015
Grew 22% on revenue, cash halved-plus
approved 2017-06-02; registry 2017-06-17; journal 2017 466112
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 24SEVENOFFICE NORWAY AS. Revenue 46.58m NOK → 56.90m NOK (+22.2%). Equity -24.81m NOK → -27.25m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 46.58m NOK to 56.90m NOK (+22.2% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -24.81m NOK → -27.25m NOK (equity ratio -101.8% → -103.8%). Calculated
-
↓
Cash fell
Bank deposits 1.36m NOK → 98.6k NOK (-92.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -103.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.36m NOK → 98.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 44.37m NOK → 1.21m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS moved
COGS / varekostnad 6.01m NOK → 8.20m NOK (+36.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 7.94m NOK → 7.99m NOK. Reported fact