2TEC AS: årsregnskap 2016 vs 2015
Grew 167% on revenue, returned to profit, fresh owner capital
approved 2017-05-31; registry 2017-06-13; journal 2017 434935
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 2TEC AS. Revenue 679 NOK → 1 814 NOK (+167.2%). Net result -7 208 NOK → +562.1k NOK. Equity 17.1k NOK → 30.0k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2TEC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 679 NOK to 1 814 NOK (+167.2% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 7 208 NOK to a profit of 562.1k NOK. Calculated
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Equity strengthened
Book equity 17.1k NOK → 30.0k NOK (equity ratio 79.7% → 6.3%). Calculated
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Cash rose
Bank deposits 21.5k NOK → 190.6k NOK (+786.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 24.3k NOK → 30.0k NOK (+5 666 NOK). Reported fact
Things to notice
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Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation