2MINITZ AS: årsregnskap 2017 vs 2016
Grew 53% on revenue, stronger earnings
approved 2018-05-12; registry 2018-05-29; journal 2018 369110
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2MINITZ AS. Revenue 17.7k NOK → 27.2k NOK (+53.5%). Net result -325.9k NOK → -40.4k NOK. Equity -374.9k NOK → -415.3k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2MINITZ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.7k NOK to 27.2k NOK (+53.5% YoY). Calculated
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↑
Net result improved
Net result -325.9k NOK → -40.4k NOK (net margin -1838.2% → -148.5%). Calculated
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↑
Cash rose
Bank deposits 11.0k NOK → 34.7k NOK (+215.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -374.9k NOK → -415.3k NOK (equity ratio -1151.8% → -738.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 47.0k NOK → 18.3k NOK (-61.1% YoY). Calculated