Org.nr 993 109 940 2017 → 2018 Year-over-year analysis

247 ENERGY AS: årsregnskap 2018 vs 2017

Grew 11% on revenue

approved 2019-06-12; registry 2019-07-25; journal 2019 791292

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 247 ENERGY AS. Revenue 2.33m NOK → 2.59m NOK (+11.5%). Equity -4.90m NOK → -4.94m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 247 ENERGY AS.

At a glance

Revenue

2.33m NOK 2.59m NOK

+11.5%

Operating result

+374.1k NOK +34.3k NOK

-90.8%

Equity

-4.90m NOK -4.94m NOK

-0.8%

Cash

317.8k NOK 321.9k NOK

+1.3%

Total assets

822.9k NOK 516.7k NOK

-37.2%

↑
Revenue rose

Operating income / revenue moved from 2.33m NOK to 2.59m NOK (+11.5% YoY). Calculated
↑
Cash rose

Bank deposits 317.8k NOK → 321.9k NOK (+1.3% YoY). Calculated

↓
Operating result weakened

Operating result +374.1k NOK → +34.3k NOK (op. margin 16.1% → 1.3%). Calculated
↓
Equity eroded

Book equity -4.90m NOK → -4.94m NOK (equity ratio -595.3% → -956.2%). Calculated

·
Thin equity buffer

Equity ratio is -956.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 1.01m NOK → 2.85m NOK (43% → 110% of revenue). Calculated
·
COGS moved

COGS / varekostnad 2 942 NOK → 10.0k NOK (+239.9% YoY). Calculated