99X TECHNOLOGY AS: årsregnskap 2016 vs 2015
Shrank 29% on revenue, weaker earnings, cash halved-plus
approved 2017-06-22; registry 2017-06-27; journal 2017 542005
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 99X TECHNOLOGY AS. Revenue 2.23m NOK → 1.58m NOK (-29.1%). Net result +124.6k NOK → +82.1k NOK. Equity 4.17m NOK → 252.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 99X TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.65m NOK → 1 652 NOK (74% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.23m NOK to 1.58m NOK (-29.1% YoY). Calculated
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↓
Operating result weakened
Operating result +168.3k NOK → +115.4k NOK (op. margin 7.5% → 7.3%). Calculated
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↓
Net result weakened
Net result +124.6k NOK → +82.1k NOK (net margin 5.6% → 5.2%). Calculated
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↓
Equity eroded
Book equity 4.17m NOK → 252.5k NOK (equity ratio 61.7% → 12.0%). Calculated
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↓
Cash fell
Bank deposits 3.41m NOK → 1.02m NOK (-70.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.41m NOK → 1.02m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation