Org.nr 997 549 546 2016 → 2017 Year-over-year analysis

10XNORTH AS: årsregnskap 2017 vs 2016

Shrank 20% on revenue

approved 2018-02-13; registry 2018-03-05; journal 2018 220306

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 10XNORTH AS. Revenue 4.37m NOK → 3.51m NOK (-19.7%). Equity 100.0k NOK → 285.9k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10XNORTH AS.

At a glance

Revenue

4.37m NOK 3.51m NOK

-19.7%

Operating result

n/m +240.1k NOK

—

Net result

n/m +185.8k NOK

—

Equity

100.0k NOK 285.9k NOK

+185.8%

Cash

1.52m NOK 1.35m NOK

-11.4%

Total assets

2.59m NOK 2.58m NOK

-0.5%

↑
Equity strengthened

Book equity 100.0k NOK → 285.9k NOK (equity ratio 3.9% → 11.1%). Calculated
↑
Payroll decreased

Salary cost 898.6k NOK → 627.7k NOK (21% → 18% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.37m NOK to 3.51m NOK (-19.7% YoY). Calculated
↓
Cash fell

Bank deposits 1.52m NOK → 1.35m NOK (-11.4% YoY). Calculated