7SENSE TECHNOLOGIES AS: årsregnskap 2016 vs 2015
Stronger earnings
approved 2017-06-20; registry 2017-06-24; journal 2017 525987
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 7SENSE TECHNOLOGIES AS. Revenue 5.55m NOK → 5.78m NOK (+4.1%). Net result +479.2k NOK → +5.55bn NOK. Equity 807.8k NOK → 134.8k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7SENSE TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.55m NOK to 5.78m NOK (+4.1% YoY). Calculated
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↑
Net result improved
Net result +479.2k NOK → +5.55bn NOK (net margin 8.6% → 96086.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 807.8k NOK → 134.8k NOK (equity ratio 33.2% → 6.0%). Calculated
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↓
Cash fell
Bank deposits 739.2k NOK → 440.6k NOK (-40.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 174.2k NOK → 83.3k NOK (-52.2% YoY). Calculated