FirmaIQ
Org.nr 995 595 397 2016 → 2017 Year-over-year analysis

24SEVENSOCIAL AS: årsregnskap 2017 vs 2016

Stronger earnings

approved 2018-06-30; registry 2018-08-09; journal 2018 887720

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 24SEVENSOCIAL AS. Revenue 13.37m NOK → 13.19m NOK (-1.3%). Net result +6 NOK → +5.75m NOK. Equity 3.98m NOK → -1.77m NOK.

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

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.

At a glance

Scorecard

Revenue
13.37m NOK 13.19m NOK
-1.3%
Operating result
+543 NOK +2 281 NOK
+320.1%
Net result
+6 NOK +5.75m NOK
+95852516.7%
Equity
3.98m NOK -1.77m NOK
-144.4%
Cash
294.1k NOK 387.4k NOK
+31.7%
Total assets
17.53m NOK 13.40m NOK
-23.5%

What improved

  • ↑

    Operating result improved

    Operating result +543 NOK → +2 281 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↑

    Net result improved

    Net result +6 NOK → +5.75m NOK (net margin 0.0% → 43.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 294.1k NOK → 387.4k NOK (+31.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.37m NOK to 13.19m NOK (-1.3% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 3.98m NOK → -1.77m NOK (equity ratio 22.7% → -13.2%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -13.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 2.36m NOK → 1.93m NOK (-18.2% YoY). Calculated