Org.nr 878 703 812 2017 → 2018 Year-over-year analysis

3 STEP IT AS: årsregnskap 2018 vs 2017

Shrank 79% on revenue

approved 2019-03-26; registry 2019-04-24; journal 2019 286144

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 3 STEP IT AS. Revenue 2.53bn NOK → 540.32m NOK (-78.6%). Equity 17.53m NOK → 13.56m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 3 STEP IT AS.

At a glance

Revenue

2.53bn NOK 540.32m NOK

-78.6%

Equity

17.53m NOK 13.56m NOK

-22.6%

Cash

26.91m NOK 46.74m NOK

+73.7%

Total assets

98.07m NOK 91.25m NOK

-7.0%

↑
Cash rose

Bank deposits 26.91m NOK → 46.74m NOK (+73.7% YoY). Calculated
↑
Payroll decreased

Salary cost 25.17m NOK → 24.05m NOK (1% → 4% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.53bn NOK to 540.32m NOK (-78.6% YoY). Calculated
↓
Equity eroded

Book equity 17.53m NOK → 13.56m NOK (equity ratio 17.9% → 14.9%). Calculated
↓
COGS moved

COGS / varekostnad 471.45m NOK → 484.96m NOK (+2.9% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 17.53m NOK → 13.56m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 1.11m NOK → 1.10m NOK. Reported fact