1.618 GROUP AS: årsregnskap 2017 vs 2016
Grew 107% on revenue, returned to profit
approved 2018-03-07; registry 2018-06-04; journal 2018 399097
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1.618 GROUP AS. Revenue 1.08m NOK → 2.24m NOK (+107.4%). Net result -272.0k NOK → +229.7k NOK. Equity -260.7k NOK → -31.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 1.618 GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.08m NOK to 2.24m NOK (+107.4% YoY). Calculated
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↑
Operating result improved
Operating result -264.8k NOK → +232.2k NOK (op. margin -24.5% → 10.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 272.0k NOK to a profit of 229.7k NOK. Calculated
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↑
Equity strengthened
Book equity -260.7k NOK → -31.1k NOK (equity ratio -62.5% → -7.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 173.1k NOK → 140.4k NOK (-18.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 319 NOK → 405.1k NOK (0% → 18% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 204.6k NOK → 768.0k NOK (+275.3% YoY). Calculated