3B HYTTESERVICE AS: årsregnskap 2017 vs 2016
Shrank 11% on revenue, weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-12; journal 2018 697028
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3B HYTTESERVICE AS. Revenue 398.5k NOK → 354.9k NOK (-10.9%). Net result -45.7k NOK → -252.2k NOK. Equity -27.9k NOK → -280.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3B HYTTESERVICE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 398.5k NOK to 354.9k NOK (-10.9% YoY). Calculated
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↓
Operating result weakened
Operating result -59.7k NOK → -326.7k NOK (op. margin -15.0% → -92.0%). Calculated
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↓
Net result weakened
Net result -45.7k NOK → -252.2k NOK (net margin -11.5% → -71.1%). Calculated
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↓
Equity eroded
Book equity -27.9k NOK → -280.1k NOK (equity ratio -10.8% → -139.5%). Calculated
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↓
Cash fell
Bank deposits 240.1k NOK → 109.0k NOK (-54.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -139.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation