7S-TECHNOLOGY AS: årsregnskap 2014 vs 2013
Mixed movements in the accounts
approved 2015-08-31; registry 2015-10-07; journal 2015 919822
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7S-TECHNOLOGY AS. Revenue 8 260 NOK → 8 260 NOK (0.0%). Equity -4 628 NOK → -99.9k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7S-TECHNOLOGY AS.
At a glance
Scorecard
Revenue
8 260 NOK
8 260 NOK
0.0%
Equity
-4 628 NOK
-99.9k NOK
-2059.3%
Cash
4 416 NOK
7 481 NOK
+69.4%
Total assets
1.04m NOK
929.9k NOK
-10.5%
What improved
-
↑
Cash rose
Bank deposits 4 416 NOK → 7 481 NOK (+69.4% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio -8.83× → 32.79×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -4 628 NOK → -99.9k NOK (equity ratio -0.4% → -10.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -10.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation