7GENERATIONS AS: årsregnskap 2016 vs 2015
Shrank 55% on revenue, returned to profit
approved 2017-06-09; registry 2017-06-19; journal 2017 475775
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 7GENERATIONS AS. Revenue 242.9k NOK → 110.0k NOK (-54.7%). Net result -80.4k NOK → +14.0k NOK. Equity -180.7k NOK → -166.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 7GENERATIONS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -76.2k NOK → +15.1k NOK (op. margin -31.4% → 13.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 80.4k NOK to a profit of 14.0k NOK. Calculated
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↑
Equity strengthened
Book equity -180.7k NOK → -166.7k NOK (equity ratio -195.4% → -261.5%). Calculated
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↑
Cash rose
Bank deposits 26.1k NOK → 35.6k NOK (+36.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 242.9k NOK to 110.0k NOK (-54.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 26.0k NOK (0% → 24% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -261.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 13 NOK → 28.1k NOK. Reported fact