365 ECONOMY AS: årsregnskap 2017 vs 2016
Grew 22% on revenue, stronger earnings, cash halved-plus
approved 2018-05-27; registry 2018-06-05; journal 2018 401807
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 365 ECONOMY AS. Revenue 132.8k NOK → 161.9k NOK (+21.9%). Net result +71.8k NOK → +137.1k NOK. Equity 72.8k NOK → 209.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 132.8k NOK to 161.9k NOK (+21.9% YoY). Calculated
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↑
Operating result improved
Operating result +71.5k NOK → +136.8k NOK (op. margin 53.9% → 84.5%). Calculated
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Net result improved
Net result +71.8k NOK → +137.1k NOK (net margin 54.1% → 84.7%). Calculated
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↑
Equity strengthened
Book equity 72.8k NOK → 209.9k NOK (equity ratio 67.2% → 2679.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 5 928 NOK → 2 649 NOK (-55.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.83× → -0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated