7OCEAN AS: årsregnskap 2016 vs 2015
Shrank 68% on revenue, stronger earnings, cash halved-plus
approved 2017-05-23; registry 2017-07-01; journal 2017 572473
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 7OCEAN AS. Revenue 22.45m NOK → 7.20m NOK (-67.9%). Net result -2.07m NOK → -395.5k NOK. Equity 598.6k NOK → 203.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for 7OCEAN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.07m NOK → +419.7k NOK (op. margin -9.2% → 5.8%). Calculated
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Net result improved
Net result -2.07m NOK → -395.5k NOK (net margin -9.2% → -5.5%). Calculated
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Payroll decreased
Salary cost 17.46m NOK → 4.65m NOK (78% → 65% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 22.45m NOK to 7.20m NOK (-67.9% YoY). Calculated
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Equity eroded
Book equity 598.6k NOK → 203.0k NOK (equity ratio 13.4% → 7.6%). Calculated
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Cash fell
Bank deposits 2.15m NOK → 709.5k NOK (-67.0% YoY). Calculated
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COGS moved
COGS / varekostnad 776.2k NOK → 1.98m NOK (+154.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.15m NOK → 709.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation