Org.nr 989 571 702 2016 → 2017 Year-over-year analysis

3ET MANAGEMENT AS: årsregnskap 2017 vs 2016

Shrank 13% on revenue, cash halved-plus

approved 2018-06-01; registry 2018-06-20; journal 2018 517773

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 3ET MANAGEMENT AS. Revenue 9.05m NOK → 7.88m NOK (-12.9%). Equity 13.40m NOK → 15.18m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3ET MANAGEMENT AS.

At a glance

Revenue

9.05m NOK 7.88m NOK

-12.9%

Operating result

+3.96m NOK +3.12m NOK

-21.0%

Net result

+2.39m NOK n/m

—

Equity

13.40m NOK 15.18m NOK

+13.3%

Cash

202.6k NOK 96.8k NOK

-52.2%

Total assets

28.69m NOK 31.71m NOK

+10.5%

↑
Equity strengthened

Book equity 13.40m NOK → 15.18m NOK (equity ratio 46.7% → 47.9%). Calculated

↓
Revenue fell

Operating income / revenue moved from 9.05m NOK to 7.88m NOK (-12.9% YoY). Calculated
↓
Operating result weakened

Operating result +3.96m NOK → +3.12m NOK (op. margin 43.7% → 39.7%). Calculated
↓
Cash fell

Bank deposits 202.6k NOK → 96.8k NOK (-52.2% YoY). Calculated

·
COGS fell

COGS / varekostnad 4.66m NOK → 4.22m NOK (-9.5% YoY). Calculated
·
Book investments changed

Investment / intangible book value 6.31m NOK → 9.54m NOK. Reported fact