3RD FLOOR AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, cash halved-plus
approved 2018-04-20; registry 2018-07-16; journal 2018 691110
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3RD FLOOR AS. Revenue 9.84m NOK → 8.68m NOK (-11.8%). Equity -79.3k NOK → -915.8k NOK.
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 3RD FLOOR AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.84m NOK to 8.68m NOK (-11.8% YoY). Calculated
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Equity eroded
Book equity -79.3k NOK → -915.8k NOK (equity ratio -4.9% → -86.6%). Calculated
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Cash fell
Bank deposits 449.5k NOK → 144.8k NOK (-67.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 8.89× → 0.83× — 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 -86.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.15m NOK → 2.98m NOK (-5.4% YoY). Calculated