+2 INTERIØR AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-05-24; registry 2018-06-02; journal 2018 390689
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for +2 INTERIØR AS. Revenue 2.71m NOK → 2.83m NOK (+4.5%). Net result +16.7k NOK → +200.4k NOK. Equity -111.8k NOK → 88.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for +2 INTERIØR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.71m NOK to 2.83m NOK (+4.5% YoY). Calculated
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↑
Operating result improved
Operating result +17.8k NOK → +202.4k NOK (op. margin 0.7% → 7.2%). Calculated
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↑
Net result improved
Net result +16.7k NOK → +200.4k NOK (net margin 0.6% → 7.1%). Calculated
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↑
Equity strengthened
Book equity -111.8k NOK → 88.6k NOK (equity ratio -12.3% → 10.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.19×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 533.4k NOK → 46.1k NOK (-91.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 7 NOK → 818.3k NOK (0% → 29% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 615.3k NOK → 1.44m NOK (+134.4% YoY). Calculated