4 1/2 FILM AS: årsregnskap 2017 vs 2016
Shrank 50% on revenue, weaker earnings
approved 2018-06-27; registry 2018-07-23; journal 2018 753511
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4 1/2 FILM AS. Revenue 6.16m NOK → 3.06m NOK (-50.4%). Net result +423.5k NOK → +288.1k NOK. Equity -256.7k NOK → 31.4k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 4 1/2 FILM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +480.8k NOK → +524.7k NOK (op. margin 7.8% → 17.2%). Calculated
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↑
Equity strengthened
Book equity -256.7k NOK → 31.4k NOK (equity ratio -5.7% → 0.5%). Calculated
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Cash rose
Bank deposits 260.8k NOK → 381.8k NOK (+46.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.16m NOK to 3.06m NOK (-50.4% YoY). Calculated
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↓
Net result weakened
Net result +423.5k NOK → +288.1k NOK (net margin 6.9% → 9.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.95m NOK → 6.95m NOK (32% → 227% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.68m NOK → 54.0k NOK (-98.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 NOK → 30.0k NOK. Reported fact