3 TS INDUSTRISERVICE AS: årsregnskap 2018 vs 2017
Grew 27% on revenue, weaker earnings, cash halved-plus
approved 2019-07-29; registry 2019-08-05; journal 2019 865976
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3 TS INDUSTRISERVICE AS. Revenue 22.40m NOK → 28.56m NOK (+27.5%). Net result +634.9k NOK → +324.1k NOK. Equity 5.40m NOK → 3.72m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 22.40m NOK to 28.56m NOK (+27.5% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +634.9k NOK → +324.1k NOK (net margin 2.8% → 1.1%). Calculated
-
↓
Equity eroded
Book equity 5.40m NOK → 3.72m NOK (equity ratio 44.8% → 29.9%). Calculated
-
↓
Cash fell
Bank deposits 4.66m NOK → 1.59m NOK (-65.9% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.66m NOK → 1.59m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 9.20m NOK → 9.50m NOK (41% → 33% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 7.93m NOK → 14.71m NOK (+85.5% YoY). Calculated