29 MINUTE BOOKS AS: årsregnskap 2015 vs 2014
Weaker earnings
approved 2016-07-26; registry 2016-09-22; journal 2016 953029
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 29 MINUTE BOOKS AS. Net result -12.4k NOK → -81.6k NOK. Equity 17.6k NOK → -64.0k NOK.
On the constructive side: cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 29 MINUTE BOOKS AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 30.1k NOK → 70.5k NOK (+133.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -12.5k NOK → -81.6k NOK. Calculated
-
↓
Net result weakened
Net result -12.4k NOK → -81.6k NOK. Calculated
-
↓
Equity eroded
Book equity 17.6k NOK → -64.0k NOK (equity ratio 11.1% → -30.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -30.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation