3T FOSSEGRENDA AS: årsregnskap 2016 vs 2015
Shrank 28% on revenue, cash halved-plus
approved 2017-04-03; registry 2017-05-24; journal 2017 344343
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 3T FOSSEGRENDA AS. Revenue 5.02m NOK → 3.63m NOK (-27.7%). Equity -1.68m NOK → -1.79m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 3T FOSSEGRENDA AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.58× → 1.08×. Calculated
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↑
Payroll decreased
Salary cost 771.9k NOK → 766.9k NOK (15% → 21% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.02m NOK to 3.63m NOK (-27.7% YoY). Calculated
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↓
Equity eroded
Book equity -1.68m NOK → -1.79m NOK (equity ratio -23.9% → -133.9%). Calculated
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↓
Cash fell
Bank deposits 1.04m NOK → 508.6k NOK (-51.2% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 139.6k NOK → 557.9k NOK (+299.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -133.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 5.00m NOK → 4.77m NOK — check capital reduction, conversion, or reclassification. Interpretation