3S HOLDING AS: årsregnskap 2018 vs 2017
Grew 36% on revenue, slipped into loss
approved 2019-06-30; registry 2019-07-09; journal 2019 660807
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3S HOLDING AS. Revenue 1.85m NOK → 2.51m NOK (+35.7%). Net result +634.7k NOK → -1.39m NOK. Equity 15.71m NOK → 8.71m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: fell into a net loss; equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 3S HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.85m NOK to 2.51m NOK (+35.7% YoY). Calculated
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↑
Cash rose
Bank deposits 892 NOK → 345.4k NOK (+38617.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 16.91m NOK → 2.22m NOK (913% → 88% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 634.7k NOK profit to a loss of 1.39m NOK. Calculated
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↓
Equity eroded
Book equity 15.71m NOK → 8.71m NOK (equity ratio 50.7% → 35.9%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 56.53m NOK → 60.69m NOK (+7.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 19.80m NOK → 12.77m NOK. Reported fact