7SENSE GROUP AS: årsregnskap 2015 vs 2014
Weaker earnings, cash halved-plus
approved 2016-06-15; registry 2016-06-29; journal 2016 596683
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 7SENSE GROUP AS. Revenue 149.2k NOK → 149.2k NOK (0.0%). Net result +303.9k NOK → +81.8k NOK. Equity 1.71m NOK → 1.63m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 7SENSE GROUP AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -39.4k NOK → -62.0k NOK (op. margin -26.4% → -41.6%). Calculated
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↓
Net result weakened
Net result +303.9k NOK → +81.8k NOK (net margin 203.8% → 54.9%). Calculated
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↓
Equity eroded
Book equity 1.71m NOK → 1.63m NOK (equity ratio 83.5% → 78.4%). Calculated
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↓
Cash fell
Bank deposits 8.30m NOK → 3 184 NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.30m NOK → 3 184 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 475.6k NOK → 1.48m NOK. Reported fact