7GENERATIONS AS: årsregnskap 2014 vs 2013
Shrank 78% on revenue, cash halved-plus, fresh owner capital
approved 2015-05-21; registry 2015-06-16; journal 2015 466628
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7GENERATIONS AS. Revenue 1.69m NOK → 369.6k NOK (-78.2%). Equity 474.9k NOK → -100.3k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7GENERATIONS AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 0 NOK → 30.0k NOK (+30.0k NOK). Reported fact
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Payroll decreased
Salary cost 335.5k NOK → 243.4k NOK (20% → 66% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.69m NOK to 369.6k NOK (-78.2% YoY). Calculated
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↓
Operating result weakened
Operating result +371.6k NOK → -605.2k NOK (op. margin 21.9% → -163.8%). Calculated
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↓
Equity eroded
Book equity 474.9k NOK → -100.3k NOK (equity ratio 61.0% → -479.6%). Calculated
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↓
Cash fell
Bank deposits 94.9k NOK → 20.9k NOK (-78.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.56× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -479.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation