Org.nr 996 745 791 2014 → 2015 Year-over-year analysis

7WAVES AS: årsregnskap 2015 vs 2014

Shrank 32% on revenue

approved 2016-03-04; registry 2016-03-12; journal 2016 326163

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for 7WAVES AS. Revenue 10.98m NOK → 7.45m NOK (-32.2%). Equity 1.90m NOK → 1.35m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7WAVES AS.

At a glance

Revenue

10.98m NOK 7.45m NOK

-32.2%

Equity

1.90m NOK 1.35m NOK

-29.0%

Cash

1.27m NOK 1.08m NOK

-14.6%

Total assets

5.18m NOK 2.32m NOK

-55.3%

↑
Payroll decreased

Salary cost 4.12m NOK → 4.05m NOK (38% → 54% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 10.98m NOK to 7.45m NOK (-32.2% YoY). Calculated
↓
Equity eroded

Book equity 1.90m NOK → 1.35m NOK (equity ratio 36.7% → 58.3%). Calculated
↓
Cash fell

Bank deposits 1.27m NOK → 1.08m NOK (-14.6% YoY). Calculated