Org.nr 987 404 876 2015 → 2016 Year-over-year analysis

79 DEGREES SOUTH AS: årsregnskap 2016 vs 2015

Grew 1376% on revenue

approved 2017-04-19; registry 2017-05-06; journal 2017 313120

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 79 DEGREES SOUTH AS. Revenue 105.2k NOK → 1.55m NOK (+1375.6%). Equity 251.3k NOK → 4 710 NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.

At a glance

Revenue

105.2k NOK 1.55m NOK

+1375.6%

Operating result

n/m -314.1k NOK

—

Net result

n/m -246.6k NOK

—

Equity

251.3k NOK 4 710 NOK

-98.1%

Cash

341.5k NOK 245.5k NOK

-28.1%

Total assets

529.8k NOK 590.8k NOK

+11.5%

↑
Revenue rose

Operating income / revenue moved from 105.2k NOK to 1.55m NOK (+1375.6% YoY). Calculated

↓
Equity eroded

Book equity 251.3k NOK → 4 710 NOK (equity ratio 47.4% → 0.8%). Calculated
↓
Cash fell

Bank deposits 341.5k NOK → 245.5k NOK (-28.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.51× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 516.9k NOK → 1.53m NOK (491% → 98% of revenue). Calculated