1+1 REGNSKAP AS: årsregnskap 2017 vs 2016
Slipped into loss, cash halved-plus
approved 2018-02-17; registry 2018-07-09; journal 2018 651310
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1+1 REGNSKAP AS. Revenue 5.47m NOK → 5.27m NOK (-3.7%). Net result +241.0k NOK → -171.8k NOK. Equity 392.6k NOK → 220.8k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1+1 REGNSKAP AS.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.09× → 1.04×. Calculated
-
↑
Payroll decreased
Salary cost 3.06m NOK → 2.72m NOK (56% → 52% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.47m NOK to 5.27m NOK (-3.7% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 241.0k NOK profit to a loss of 171.8k NOK. Calculated
-
↓
Equity eroded
Book equity 392.6k NOK → 220.8k NOK (equity ratio 35.5% → 23.7%). Calculated
-
↓
Cash fell
Bank deposits 91.5k NOK → 44.5k NOK (-51.4% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 547.2k NOK → 236.0k NOK (-56.9% YoY). Calculated