2M MALERFIRMA AS: årsregnskap 2017 vs 2016
Grew 10905% on revenue, returned to profit
approved 2018-04-04; registry 2018-04-14; journal 2018 263902
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2M MALERFIRMA AS. Revenue 8 982 NOK → 988.5k NOK (+10905.2%). Net result -24.3k NOK → +20.3k NOK. Equity 46.5k NOK → -10.0k NOK.
On the constructive side: revenue rose; turned profitable; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2M MALERFIRMA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8 982 NOK to 988.5k NOK (+10905.2% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 24.3k NOK to a profit of 20.3k NOK. Calculated
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Payroll decreased
Salary cost 750.2k NOK → 724.8k NOK (8352% → 73% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -16.8k NOK → -47.9k NOK (op. margin -187.0% → -4.9%). Calculated
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↓
Equity eroded
Book equity 46.5k NOK → -10.0k NOK (equity ratio 7.9% → -2.1%). Calculated
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↓
Cash fell
Bank deposits 376.8k NOK → 292.9k NOK (-22.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 109.5k NOK → 71.2k NOK (-34.9% YoY). Calculated