1ST BRANDS AS: årsregnskap 2017 vs 2016
Shrank 95% on revenue, returned to profit
approved 2018-06-23; registry 2018-07-30; journal 2018 813328
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1ST BRANDS AS. Revenue 9.04m NOK → 432.9k NOK (-95.2%). Net result -560.5k NOK → +221.0k NOK. Equity -488.3k NOK → -267.3k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -723.2k NOK → +326.0k NOK (op. margin -8.0% → 75.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 560.5k NOK to a profit of 221.0k NOK. Calculated
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↑
Equity strengthened
Book equity -488.3k NOK → -267.3k NOK (equity ratio -53.4% → -612.7%). Calculated
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↑
Cash rose
Bank deposits 91.8k NOK → 238.4k NOK (+159.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.99m NOK → 4.98m NOK (55% → 1149% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.04m NOK to 432.9k NOK (-95.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -612.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.47m NOK → 2.59m NOK (-25.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 133.3k NOK → 116.8k NOK. Reported fact