3 N LOGISTICS AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings
approved 2018-06-30; registry 2018-08-09; journal 2018 888104
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3 N LOGISTICS AS. Revenue 101.7k NOK → 119 NOK (-99.9%). Net result -9 999 NOK → -9.27m NOK. Equity 20.0k NOK → -9.25m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3 N LOGISTICS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 30.0k NOK → 517.2k NOK (+1623.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 101.7k NOK to 119 NOK (-99.9% YoY). Calculated
-
↓
Net result weakened
Net result -9 999 NOK → -9.27m NOK (net margin -9.8% → -7789593.3%). Calculated
-
↓
Equity eroded
Book equity 20.0k NOK → -9.25m NOK. Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.00× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 16.9k NOK (0% → 14236% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 928.7k NOK → 8 100 NOK (-99.1% YoY). Calculated