8-BITS AS: årsregnskap 2016 vs 2015
Shrank 53% on revenue, stronger earnings, cash halved-plus
approved 2017-02-09; registry 2017-03-06; journal 2017 220750
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 8-BITS AS. Revenue 608.2k NOK → 285.1k NOK (-53.1%). Net result +87.9k NOK → +163.8k NOK. Equity 5.12m NOK → -46.0k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 8-BITS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +87.9k NOK → +163.8k NOK (net margin 14.4% → 57.5%). Calculated
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Payroll decreased
Salary cost 377.2k NOK → 328.5k NOK (62% → 115% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 608.2k NOK to 285.1k NOK (-53.1% YoY). Calculated
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Operating result weakened
Operating result +120.3k NOK → -161.9k NOK (op. margin 19.8% → -56.8%). Calculated
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↓
Equity eroded
Book equity 5.12m NOK → -46.0k NOK (equity ratio 1684.3% → -58.0%). Calculated
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Cash fell
Bank deposits 121.8k NOK → 35.7k NOK (-70.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.63× → 0.63× — 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 -58.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation