8-BIT MACHINERY AS: årsregnskap 2017 vs 2016
Shrank 80% on revenue, cash halved-plus
approved 2018-07-01; registry 2018-07-05; journal 2018 641649
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 8-BIT MACHINERY AS. Revenue 969.6k NOK → 196.1k NOK (-79.8%). Equity 71.4k NOK → -10.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 8-BIT MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.79m NOK → 76.0k NOK (391% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 969.6k NOK to 196.1k NOK (-79.8% YoY). Calculated
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↓
Equity eroded
Book equity 71.4k NOK → -10.8k NOK (equity ratio 25.2% → -32.4%). Calculated
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↓
Cash fell
Bank deposits 283.6k NOK → 33.5k NOK (-88.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation