3MT COMMUNICATIONS AS: årsregnskap 2015 vs 2014
Shrank 65% on revenue, cash halved-plus
approved 2016-11-30; registry 2016-12-27; journal 2016 975118
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 3MT COMMUNICATIONS AS. Revenue 1.88m NOK → 655.8k NOK (-65.2%). Equity 7.14m NOK → 10 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3MT COMMUNICATIONS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.88m NOK to 655.8k NOK (-65.2% YoY). Calculated
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↓
Equity eroded
Book equity 7.14m NOK → 10 NOK (equity ratio 1799.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 107.7k NOK → 47.6k NOK (-55.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.56× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 667.2k NOK → 93.7k NOK (-86.0% YoY). Calculated