2KN RØR-SERVICE AS: årsregnskap 2017 vs 2016
Grew 105% on revenue, weaker earnings
approved 2018-06-30; registry 2018-08-07; journal 2018 885824
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2KN RØR-SERVICE AS. Revenue 1.01m NOK → 2.06m NOK (+105.1%). Net result +74.9k NOK → +36.7k NOK. Equity 99.3k NOK → 136.0k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 2KN RØR-SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.01m NOK to 2.06m NOK (+105.1% YoY). Calculated
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↑
Equity strengthened
Book equity 99.3k NOK → 136.0k NOK (equity ratio 9.9% → 21.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.03×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +104.3k NOK → +48.5k NOK (op. margin 10.4% → 2.4%). Calculated
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↓
Net result weakened
Net result +74.9k NOK → +36.7k NOK (net margin 7.4% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 404.5k NOK → 347.5k NOK (-14.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 265 NOK → 995.3k NOK (0% → 48% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 340.6k NOK → 165.4k NOK (-51.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 73.0k NOK → 85.3k NOK. Reported fact