4X4 MEDICINE AS: årsregnskap 2015 vs 2014
Grew 34% on revenue, cash halved-plus
approved 2016-06-06; registry 2016-06-28; journal 2016 592161
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 4X4 MEDICINE AS. Revenue 647.4k NOK → 870.7k NOK (+34.5%). Equity 714.5k NOK → 402.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 4X4 MEDICINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 647.4k NOK to 870.7k NOK (+34.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 714.5k NOK → 402.6k NOK (equity ratio 80.3% → 44.6%). Calculated
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↓
Cash fell
Bank deposits 427.30m NOK → 528.8k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (427.30m NOK → 528.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 813.8k NOK → 402.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 252.4k NOK → 166.6k NOK. Reported fact