365 ECONOMY AS: årsregnskap 2015 vs 2014
Shrank 16% on revenue, slipped into loss, cash halved-plus
approved 2016-06-28; registry 2016-07-11; journal 2016 663065
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 365 ECONOMY AS. Revenue 917.3k NOK → 773.2k NOK (-15.7%). Net result +26.8k NOK → -39.7k NOK. Equity 40.7k NOK → 998 NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 365 ECONOMY AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 390 NOK → 390.0k NOK (+389.6k NOK). Reported fact
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Payroll decreased
Salary cost 2.19m NOK → 2.18m NOK (239% → 282% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 917.3k NOK to 773.2k NOK (-15.7% YoY). Calculated
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Fell into a net loss
Net result flipped from 26.8k NOK profit to a loss of 39.7k NOK. Calculated
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↓
Equity eroded
Book equity 40.7k NOK → 998 NOK (equity ratio 6.5% → 0.2%). Calculated
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Cash fell
Bank deposits 65.1k NOK → 8 214 NOK (-87.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation