360DESIGN AS: årsregnskap 2015 vs 2014
Stronger earnings, cash halved-plus
approved 2016-06-05; registry 2016-07-19; journal 2016 717321
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 360DESIGN AS. Revenue 611.7k NOK → 623.6k NOK (+1.9%). Net result +23.4k NOK → +33.4k NOK. Equity 77.9k NOK → 102.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 360DESIGN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 611.7k NOK to 623.6k NOK (+1.9% YoY). Calculated
-
↑
Operating result improved
Operating result +32.5k NOK → +34.4k NOK (op. margin 5.3% → 5.5%). Calculated
-
↑
Net result improved
Net result +23.4k NOK → +33.4k NOK (net margin 3.8% → 5.4%). Calculated
-
↑
Equity strengthened
Book equity 77.9k NOK → 102.4k NOK (equity ratio 19.3% → 39.5%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 360.8k NOK → 80.7k NOK (-77.6% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2 251 NOK → 308.4k NOK (0% → 49% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 187.2k NOK → 25.7k NOK (-86.3% YoY). Calculated