24SEVENSOCIAL AS: årsregnskap 2015 vs 2014
Shrank 13% on revenue, weaker earnings, cash halved-plus
approved 2016-06-30; registry 2016-09-10; journal 2016 921524
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 24SEVENSOCIAL AS. Revenue 14.29m NOK → 12.42m NOK (-13.1%). Net result -336.8k NOK → -1.66m NOK. Equity 8.82m NOK → 7.16m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.29m NOK to 12.42m NOK (-13.1% YoY). Calculated
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↓
Net result weakened
Net result -336.8k NOK → -1.66m NOK (net margin -2.4% → -13.4%). Calculated
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↓
Equity eroded
Book equity 8.82m NOK → 7.16m NOK (equity ratio 51.1% → 34.6%). Calculated
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↓
Cash fell
Bank deposits 2.29m NOK → 605.1k NOK (-73.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.29m NOK → 605.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 3.40m NOK → 2.87m NOK (-15.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 98.3k NOK → 4 476 NOK. Reported fact