Org.nr 813 646 552 2016 → 2017 Year-over-year analysis

1 SBX AS: årsregnskap 2017 vs 2016

Shrank 27% on revenue

approved 2018-05-25; registry 2018-07-23; journal 2018 762013

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 1 SBX AS. Revenue 90.0k NOK → 65.7k NOK (-27.0%). Equity 6.12m NOK → 91.0k 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 1 SBX AS.

At a glance

Revenue

90.0k NOK 65.7k NOK

-27.0%

Operating result

+89.2k NOK n/m

—

Net result

+21.5k NOK n/m

—

Equity

6.12m NOK 91.0k NOK

-98.5%

Cash

94.8k NOK 70.4k NOK

-25.7%

Total assets

2.66m NOK 3.31m NOK

+24.5%

↓
Revenue fell

Operating income / revenue moved from 90.0k NOK to 65.7k NOK (-27.0% YoY). Calculated
↓
Equity eroded

Book equity 6.12m NOK → 91.0k NOK (equity ratio 229.9% → 2.7%). Calculated
↓
Cash fell

Bank deposits 94.8k NOK → 70.4k NOK (-25.7% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 764 NOK → 21.5k NOK (1% → 33% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation