2 TOMM 4 AS: årsregnskap 2017 vs 2016
Shrank 35% on revenue, returned to profit, cash halved-plus
approved 2018-04-20; registry 2018-05-29; journal 2018 366014
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2 TOMM 4 AS. Revenue 842.5k NOK → 550.4k NOK (-34.7%). Net result -25.4k NOK → +3 NOK. Equity -33.4k NOK → -37.6k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2 TOMM 4 AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 25.4k NOK to a profit of 3 NOK. Calculated
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↑
Payroll decreased
Salary cost 477.8k NOK → 253.6k NOK (57% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 842.5k NOK to 550.4k NOK (-34.7% YoY). Calculated
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↓
Equity eroded
Book equity -33.4k NOK → -37.6k NOK (equity ratio -16.1% → -36.1%). Calculated
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↓
Cash fell
Bank deposits 4 757 NOK → 163 NOK (-96.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -36.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 220.6k NOK → 131.2k NOK (-40.5% YoY). Calculated