74 PICTURES AS: årsregnskap 2016 vs 2015
Shrank 80% on revenue, slipped into loss, cash halved-plus
approved 2017-07-17; registry 2017-08-02; journal 2017 816126
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 74 PICTURES AS. Revenue 114.0k NOK → 23.0k NOK (-79.8%). Net result +29.1k NOK → -15.1k NOK. Equity -50.4k NOK → -65.4k 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 PICTURES AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 114.0k NOK to 23.0k NOK (-79.8% YoY). Calculated
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Operating result weakened
Operating result +29.0k NOK → -15.1k NOK (op. margin 25.4% → -65.6%). Calculated
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Fell into a net loss
Net result flipped from 29.1k NOK profit to a loss of 15.1k NOK. Calculated
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Equity eroded
Book equity -50.4k NOK → -65.4k NOK (equity ratio -151.7% → -329.4%). Calculated
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Cash fell
Bank deposits 12.1k NOK → 3 518 NOK (-70.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -329.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation