24SEVENSOCIAL AS: årsregnskap 2016 vs 2015
Grew 8% on revenue, returned to profit, cash halved-plus
approved 2017-06-30; registry 2017-08-12; journal 2017 857491
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 24SEVENSOCIAL AS. Revenue 12.42m NOK → 13.37m NOK (+7.6%). Net result -1.66m NOK → +6 NOK. Equity 7.16m NOK → 3.98m NOK.
On the constructive side: revenue rose; turned profitable; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.42m NOK to 13.37m NOK (+7.6% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 1.66m NOK to a profit of 6 NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 9.15m NOK → 10.19m NOK (+1.04m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 7.16m NOK → 3.98m NOK (equity ratio 34.6% → 22.7%). Calculated
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↓
Cash fell
Bank deposits 605.1k NOK → 294.1k NOK (-51.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.87m NOK → 2.36m NOK (-17.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4 476 NOK → 98.3k NOK. Reported fact