360 NORD AS: årsregnskap 2016 vs 2015
Grew 161% on revenue, returned to profit, cash halved-plus
approved 2017-05-03; registry 2017-07-12; journal 2017 688472
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 360 NORD AS. Revenue 259.9k NOK → 678.5k NOK (+161.1%). Net result -136.4k NOK → +33.7k NOK. Equity 21.4k NOK → -12.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 360 NORD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 259.9k NOK to 678.5k NOK (+161.1% YoY). Calculated
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↑
Operating result improved
Operating result -135.3k NOK → -33.8k NOK (op. margin -52.1% → -5.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 136.4k NOK to a profit of 33.7k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 21.4k NOK → -12.3k NOK (equity ratio 6.5% → -4.3%). Calculated
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↓
Cash fell
Bank deposits 154.9k NOK → 58.5k NOK (-62.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 63.3k NOK → 299.3k NOK (+373.1% YoY). Calculated