74 ENTERTAINMENT AS: årsregnskap 2015 vs 2014
Shrank 73% on revenue, slipped into loss
approved 2016-06-30; registry 2016-08-04; journal 2016 799345
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 74 ENTERTAINMENT AS. Revenue 840.5k NOK → 225.0k NOK (-73.2%). Net result +25.8k NOK → -782.1k NOK. Equity 45.1k NOK → -737.0k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 74 ENTERTAINMENT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 840.5k NOK to 225.0k NOK (-73.2% YoY). Calculated
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Operating result weakened
Operating result +70.7k NOK → -873.8k NOK (op. margin 8.4% → -388.3%). Calculated
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Fell into a net loss
Net result flipped from 25.8k NOK profit to a loss of 782.1k NOK. Calculated
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Equity eroded
Book equity 45.1k NOK → -737.0k NOK (equity ratio 3.1% → -52.9%). Calculated
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Cash fell
Bank deposits 490.8k NOK → 422.5k NOK (-13.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -52.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation