2MINITZ AS: årsregnskap 2016 vs 2015
Shrank 79% on revenue, cash halved-plus
approved 2017-06-28; registry 2017-07-04; journal 2017 591025
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 2MINITZ AS. Revenue 85.8k NOK → 17.7k NOK (-79.3%). Equity -75.0k NOK → -374.9k 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
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 85.8k NOK to 17.7k NOK (-79.3% YoY). Calculated
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↓
Operating result weakened
Operating result -47.2k NOK → -321.6k NOK (op. margin -55.1% → -1814.0%). Calculated
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↓
Equity eroded
Book equity -75.0k NOK → -374.9k NOK (equity ratio -41.7% → -1151.8%). Calculated
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↓
Cash fell
Bank deposits 161.8k NOK → 11.0k NOK (-93.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1151.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation