3PL SOLUTIONS AS: årsregnskap 2017 vs 2016
Stronger earnings
approved 2018-05-07; registry 2018-05-30; journal 2018 376496
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3PL SOLUTIONS AS. Revenue 55.03m NOK → 54.33m NOK (-1.3%). Net result +8.05m NOK → +9.78m NOK. Equity 4.00m NOK → 220.2k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3PL SOLUTIONS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +10.59m NOK → +12.81m NOK (op. margin 19.2% → 23.6%). Calculated
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↑
Net result improved
Net result +8.05m NOK → +9.78m NOK (net margin 14.6% → 18.0%). Calculated
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Payroll decreased
Salary cost 18.92m NOK → 16.31m NOK (34% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 55.03m NOK to 54.33m NOK (-1.3% YoY). Calculated
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↓
Equity eroded
Book equity 4.00m NOK → 220.2k NOK (equity ratio 20.3% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 7.69m NOK → 6.92m NOK (-10.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 14.67m NOK → 13.70m NOK (-6.7% YoY). Calculated