3MT ENGINEERING AS: årsregnskap 2017 vs 2016
Shrank 62% on revenue, weaker earnings, cash halved-plus
approved 2018-02-27; registry 2018-03-03; journal 2018 218191
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3MT ENGINEERING AS. Revenue 435.4k NOK → 163.7k NOK (-62.4%). Net result +145.7k NOK → +12.7k NOK. Equity 30.7k NOK → 43.4k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 30.7k NOK → 43.4k NOK (equity ratio 10.7% → 48.1%). Calculated
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↑
Payroll decreased
Salary cost 73.0k NOK → 63.9k NOK (17% → 39% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 435.4k NOK to 163.7k NOK (-62.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +190.9k NOK → +19.7k NOK (op. margin 43.9% → 12.0%). Calculated
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↓
Net result weakened
Net result +145.7k NOK → +12.7k NOK (net margin 33.5% → 7.7%). Calculated
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↓
Cash fell
Bank deposits 288.1k NOK → 90.3k NOK (-68.7% YoY). Calculated