FirmaIQ
Org.nr 986 587 098 2016 → 2017 Year-over-year analysis

2CARE BPA AS: årsregnskap 2017 vs 2016

Grew 54% on revenue, stronger earnings

approved 2018-08-13; registry 2018-08-23; journal 2018 917135

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 2CARE BPA AS. Revenue 43.28m NOK → 66.45m NOK (+53.5%). Net result +3.51m NOK → +4.24m NOK. Equity 6.45m NOK → 5.38m NOK.

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

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 2CARE BPA AS.

At a glance

Scorecard

Revenue
43.28m NOK 66.45m NOK
+53.5%
Net result
+3.51m NOK +4.24m NOK
+20.5%
Equity
6.45m NOK 5.38m NOK
-16.6%
Cash
7.84m NOK 9.00m NOK
+14.8%
Total assets
14.00m NOK 17.63m NOK
+25.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 43.28m NOK to 66.45m NOK (+53.5% YoY). Calculated

  • ↑

    Net result improved

    Net result +3.51m NOK → +4.24m NOK (net margin 8.1% → 6.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 7.84m NOK → 9.00m NOK (+14.8% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 6.45m NOK → 5.38m NOK (equity ratio 46.1% → 30.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 NOK → 51.68m NOK (0% → 78% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 615.1k NOK → 205.5k NOK (-66.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 23.3k NOK → 236.8k NOK. Reported fact