7DESIGN AS: årsregnskap 2015 vs 2014
Shrank 17% on revenue, cash halved-plus
approved 2016-05-23; registry 2016-06-06; journal 2016 470620
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 7DESIGN AS. Revenue 498.7k NOK → 416.1k NOK (-16.6%). Equity -406.9k NOK → -419.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.20m NOK → 2 NOK (441% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 498.7k NOK to 416.1k NOK (-16.6% YoY). Calculated
-
↓
Equity eroded
Book equity -406.9k NOK → -419.1k NOK (equity ratio -154.7% → -200.6%). Calculated
-
↓
Cash fell
Bank deposits 101.3k NOK → 41.2k NOK (-59.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -200.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 300.7k NOK → 163.4k NOK (-45.6% YoY). Calculated