Org.nr 998 884 160 2014 → 2015 Year-over-year analysis

2MINITZ AS: årsregnskap 2015 vs 2014

Shrank 79% on revenue, cash halved-plus

approved 2016-06-29; registry 2016-08-03; journal 2016 797395

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for 2MINITZ AS. Revenue 412.3k NOK → 85.8k NOK (-79.2%). Equity -1 012 NOK → -75.0k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2MINITZ AS.

At a glance

Revenue

412.3k NOK 85.8k NOK

-79.2%

Operating result

+33.4k NOK -47.2k NOK

-241.4%

Net result

+33.9k NOK n/m

—

Equity

-1 012 NOK -75.0k NOK

-7310.0%

Cash

379.1k NOK 161.8k NOK

-57.3%

Total assets

379.1k NOK 179.8k NOK

-52.6%

↓
Revenue fell

Operating income / revenue moved from 412.3k NOK to 85.8k NOK (-79.2% YoY). Calculated
↓
Operating result weakened

Operating result +33.4k NOK → -47.2k NOK (op. margin 8.1% → -55.1%). Calculated
↓
Equity eroded

Book equity -1 012 NOK → -75.0k NOK (equity ratio -0.3% → -41.7%). Calculated
↓
Cash fell

Bank deposits 379.1k NOK → 161.8k NOK (-57.3% YoY). Calculated

·
Thin equity buffer

Equity ratio is -41.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation