4 SEAS AS: årsregnskap 2016 vs 2015
Grew 27% on revenue, weaker earnings
approved 2017-06-26; registry 2017-07-11; journal 2017 656127
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 4 SEAS AS. Revenue 204.9k NOK → 261.1k NOK (+27.4%). Net result -182.9k NOK → -294.7k NOK. Equity 509.8k NOK → 215.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: 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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↑
Revenue rose
Operating income / revenue moved from 204.9k NOK to 261.1k NOK (+27.4% YoY). Calculated
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↑
Cash rose
Bank deposits 26.5k NOK → 41.0k NOK (+54.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -182.9k NOK → -294.7k NOK (net margin -89.3% → -112.9%). Calculated
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↓
Equity eroded
Book equity 509.8k NOK → 215.1k NOK (equity ratio 5.6% → 2.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation