AIRWATCH AS: årsregnskap 2016 vs 2015
Shrank 66% on revenue, cash halved-plus
approved 2017-06-16; registry 2017-06-28; journal 2017 547654
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIRWATCH AS. Revenue 435.4k NOK → 149.3k NOK (-65.7%). Equity 169.5k NOK → 10 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRWATCH AS.
At a glance
Scorecard
Revenue
435.4k NOK
149.3k NOK
-65.7%
Operating result
+189.0k NOK
n/m
—
Equity
169.5k NOK
10 NOK
-100.0%
Cash
206.9k NOK
69.7k NOK
-66.3%
Total assets
237.6k NOK
91.9k NOK
-61.3%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 435.4k NOK to 149.3k NOK (-65.7% YoY). Calculated
-
↓
Equity eroded
Book equity 169.5k NOK → 10 NOK (equity ratio 71.4% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 206.9k NOK → 69.7k NOK (-66.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation