2CARE HJEMMETJENESTER AS: årsregnskap 2017 vs 2016
Shrank 33% on revenue, fresh owner capital
approved 2018-04-27; registry 2018-05-26; journal 2018 351727
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2CARE HJEMMETJENESTER AS. Revenue 65.14m NOK → 43.36m NOK (-33.4%). Equity 1.66m NOK → 271.6k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 10.27m NOK → 13.70m NOK (+3.43m NOK). Reported fact
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↑
Payroll decreased
Salary cost 55.15m NOK → 39.44m NOK (85% → 91% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 65.14m NOK to 43.36m NOK (-33.4% YoY). Calculated
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↓
Equity eroded
Book equity 1.66m NOK → 271.6k NOK (equity ratio 11.5% → 1.6%). Calculated
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↓
Cash fell
Bank deposits 1.42m NOK → 1.12m NOK (-21.2% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 509.1k NOK → 593.9k NOK (+16.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 122.0k NOK → 147.9k NOK. Reported fact