7N NORGE AS: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-04-04; registry 2017-05-30; journal 2017 359755
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 7N NORGE AS. Revenue 46.00m NOK → 46.99m NOK (+2.1%). Equity 1.46m NOK → 2.11m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for 7N NORGE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 46.00m NOK to 46.99m NOK (+2.1% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.46m NOK → 2.11m NOK (equity ratio 13.2% → 19.3%). Calculated
-
↑
Payroll decreased
Salary cost 5.13m NOK → 4.69m NOK (11% → 10% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 4.13m NOK → 1.00m NOK (-75.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.13m NOK → 1.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 38.36m NOK → 39.25m NOK (+2.3% YoY). Calculated