7OCEAN AS: årsregnskap 2015 vs 2014
Shrank 24% on revenue, cash halved-plus
approved 2016-05-25; registry 2016-06-11; journal 2016 491204
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 7OCEAN AS. Revenue 29.64m NOK → 22.45m NOK (-24.3%). Equity 2.66m NOK → 598.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
29.64m NOK
22.45m NOK
-24.3%
Operating result
n/m
-2.07m NOK
—
Net result
n/m
-2.07m NOK
—
Equity
2.66m NOK
598.6k NOK
-77.5%
Cash
4.61m NOK
2.15m NOK
-53.4%
Total assets
8.45m NOK
4.45m NOK
-47.3%
What improved
-
↑
Payroll decreased
Salary cost 23.64m NOK → 17.46m NOK (80% → 78% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 29.64m NOK to 22.45m NOK (-24.3% YoY). Calculated
-
↓
Equity eroded
Book equity 2.66m NOK → 598.6k NOK (equity ratio 31.5% → 13.4%). Calculated
-
↓
Cash fell
Bank deposits 4.61m NOK → 2.15m NOK (-53.4% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 407.6k NOK → 776.2k NOK (+90.4% YoY). Calculated