99X TECHNOLOGY AS: årsregnskap 2015 vs 2014
Shrank 14% on revenue, stronger earnings
approved 2016-06-30; registry 2016-09-03; journal 2016 896745
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 99X TECHNOLOGY AS. Revenue 2.61m NOK → 2.23m NOK (-14.5%). Net result +67.3k NOK → +124.6k NOK. Equity 8.90m NOK → 4.17m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 99X TECHNOLOGY AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +67.3k NOK → +124.6k NOK (net margin 2.6% → 5.6%). Calculated
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Cash rose
Bank deposits 1 250 NOK → 3.41m NOK (+272698.6% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.61m NOK to 2.23m NOK (-14.5% YoY). Calculated
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Equity eroded
Book equity 8.90m NOK → 4.17m NOK (equity ratio 61.4% → 61.7%). Calculated
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Payroll up without matching revenue
Salary cost 1 192 NOK → 1.65m NOK (0% → 74% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 5.25m NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation