365 ECONOMY AS: årsregnskap 2016 vs 2015
Shrank 83% on revenue, returned to profit
approved 2017-05-19; registry 2017-06-15; journal 2017 461192
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 365 ECONOMY AS. Revenue 773.2k NOK → 132.8k NOK (-82.8%). Net result -39.7k NOK → +71.8k NOK. Equity 998 NOK → 72.8k NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 39.7k NOK to a profit of 71.8k NOK. Calculated
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↑
Equity strengthened
Book equity 998 NOK → 72.8k NOK (equity ratio 0.2% → 67.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 2.83×. Calculated
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Payroll decreased
Salary cost 2.18m NOK → 2 177 NOK (282% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 773.2k NOK to 132.8k NOK (-82.8% YoY). Calculated
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↓
Cash fell
Bank deposits 8 214 NOK → 5 928 NOK (-27.8% YoY). Calculated