4 SEAS AS: årsregnskap 2015 vs 2014
Shrank 45% on revenue, weaker earnings
approved 2016-06-30; registry 2016-07-21; journal 2016 709951
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 4 SEAS AS. Revenue 371.8k NOK → 204.9k NOK (-44.9%). Net result -101.1k NOK → -182.9k NOK. Equity 692.7k NOK → 509.8k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 SEAS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 17.1k NOK → 26.5k NOK (+55.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.24× → 2.48×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 371.8k NOK to 204.9k NOK (-44.9% YoY). Calculated
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↓
Net result weakened
Net result -101.1k NOK → -182.9k NOK (net margin -27.2% → -89.3%). Calculated
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↓
Equity eroded
Book equity 692.7k NOK → 509.8k NOK (equity ratio 7.7% → 5.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation