3XH TRADING AS: årsregnskap 2017 vs 2016
Grew 7% on revenue, slipped into loss, cash halved-plus
approved 2018-05-07; registry 2018-06-16; journal 2018 483644
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3XH TRADING AS. Revenue 917.8k NOK → 983.5k NOK (+7.2%). Net result +21.8k NOK → -136.0k NOK. Equity 19.4k NOK → -116.6k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3XH TRADING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 917.8k NOK to 983.5k NOK (+7.2% YoY). Calculated
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Payroll decreased
Salary cost 3.59m NOK → 3 NOK (392% → 0% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 21.8k NOK profit to a loss of 136.0k NOK. Calculated
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↓
Equity eroded
Book equity 19.4k NOK → -116.6k NOK (equity ratio 13.8% → -113.1%). Calculated
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Cash fell
Bank deposits 12.5k NOK → 1 779 NOK (-85.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.16× → 0.47× — 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 -113.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation