29 MINUTE BOOKS AS: årsregnskap 2016 vs 2015
Grew 4078% on revenue, cash halved-plus
approved 2017-06-28; registry 2017-07-01; journal 2017 580063
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 29 MINUTE BOOKS AS. Revenue 1 102 NOK → 46.0k NOK (+4077.8%). Equity -64.0k NOK → -120.9k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 29 MINUTE BOOKS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 102 NOK to 46.0k NOK (+4077.8% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -64.0k NOK → -120.9k NOK (equity ratio -30.5% → -84.2%). Calculated
-
↓
Cash fell
Bank deposits 70.5k NOK → 12.6k NOK (-82.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -84.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2 015 NOK → 38.2k NOK (183% → 83% of revenue). Calculated