67NORTH AS: årsregnskap 2015 vs 2014
Shrank 100% on revenue, cash halved-plus
approved 2016-05-30; registry 2016-08-06; journal 2016 807221
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 67NORTH AS. Revenue 15.0k NOK → 0 NOK (-100.0%). Equity 37.0k NOK → -59.2k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 67NORTH AS.
At a glance
Scorecard
Revenue
15.0k NOK
0 NOK
-100.0%
Operating result
-120.5k NOK
n/m
—
Net result
-120.5k NOK
n/m
—
Equity
37.0k NOK
-59.2k NOK
-260.0%
Cash
24.8k NOK
8 835 NOK
-64.4%
Total assets
272.0k NOK
237.4k NOK
-12.7%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 15.0k NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Equity eroded
Book equity 37.0k NOK → -59.2k NOK (equity ratio 13.6% → -25.0%). Calculated
-
↓
Cash fell
Bank deposits 24.8k NOK → 8 835 NOK (-64.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -25.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation