Org.nr 917 875 170 2016 → 2017 Year-over-year analysis

2CREATE AS: årsregnskap 2017 vs 2016

Returned to profit

approved 2018-05-08; registry 2018-06-04; journal 2018 395007

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 2CREATE AS. Revenue 0 NOK → 494.7k NOK. Net result -14.5k NOK → +139.1k NOK. Equity 9 960 NOK → 149.0k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 2CREATE AS.

At a glance

Revenue

0 NOK 494.7k NOK

—

Operating result

-20.8k NOK +185.0k NOK

+989.3%

Net result

-14.5k NOK +139.1k NOK

+1061.2%

Equity

9 960 NOK 149.0k NOK

+1396.4%

Cash

3 632 NOK 172.2k NOK

+4641.2%

Total assets

9 960 NOK 251.9k NOK

+2429.2%

↑
Revenue rose

Operating income / revenue moved from 0 NOK to 494.7k NOK. Calculated
↑
Operating result improved

Operating result -20.8k NOK → +185.0k NOK. Calculated
↑
Turned profitable

Net result flipped from a loss of 14.5k NOK to a profit of 139.1k NOK. Calculated
↑
Equity strengthened

Book equity 9 960 NOK → 149.0k NOK (equity ratio 100.0% → 59.2%). Calculated
↑
Cash rose

Bank deposits 3 632 NOK → 172.2k NOK (+4641.2% YoY). Calculated

·
COGS moved

COGS / varekostnad 19.4k NOK → 209.5k NOK (+981.8% YoY). Calculated