ABOVE MEDIA AS: årsregnskap 2016 vs 2015
Shrank 72% on revenue, cash halved-plus
approved 2017-06-19; registry 2017-06-22; journal 2017 507275
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABOVE MEDIA AS. Revenue 215.8k NOK → 61.0k NOK (-71.7%). Equity 360.1k NOK → 39.9k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABOVE MEDIA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 215.8k NOK to 61.0k NOK (-71.7% YoY). Calculated
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↓
Operating result weakened
Operating result +194.0k NOK → +12.4k NOK (op. margin 89.9% → 20.3%). Calculated
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↓
Equity eroded
Book equity 360.1k NOK → 39.9k NOK (equity ratio 54.3% → 29.4%). Calculated
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↓
Cash fell
Bank deposits 659.7k NOK → 61.6k NOK (-90.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.19× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 360.0k NOK → 30.2k NOK — check capital reduction, conversion, or reclassification. Interpretation