3RD FLOOR AS: årsregnskap 2016 vs 2015
Mixed movements in the accounts
approved 2017-03-24; registry 2017-04-05; journal 2017 261961
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 3RD FLOOR AS. Revenue 10.04m NOK → 9.84m NOK (-2.0%). Equity 82.5k NOK → -79.3k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3RD FLOOR AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 430.9k NOK → 449.5k NOK (+4.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.58× → 8.89×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.04m NOK to 9.84m NOK (-2.0% YoY). Calculated
-
↓
Equity eroded
Book equity 82.5k NOK → -79.3k NOK (equity ratio 5.9% → -4.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.71m NOK → 4.05m NOK (37% → 41% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.56m NOK → 3.15m NOK (-11.5% YoY). Calculated