88 HOLDING AS: årsregnskap 2016 vs 2015
Shrank 65% on revenue, cash halved-plus
approved 2017-06-12; registry 2017-06-19; journal 2017 473925
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 88 HOLDING AS. Revenue 990.0k NOK → 350.0k NOK (-64.6%). Equity 5.13m NOK → 5.17m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 88 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.13m NOK → 5.17m NOK (equity ratio 31.5% → 33.0%). Calculated
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↑
Payroll decreased
Salary cost 7 590 NOK → 7 NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 990.0k NOK to 350.0k NOK (-64.6% YoY). Calculated
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↓
Cash fell
Bank deposits 2.21m NOK → 374.9k NOK (-83.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.21m NOK → 374.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 13.38m NOK → 14.64m NOK. Reported fact