4 D DESIGN AS: årsregnskap 2017 vs 2016
Grew 472% on revenue, cash halved-plus
approved 2018-06-18; registry 2018-06-21; journal 2018 531892
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4 D DESIGN AS. Revenue 139.9k NOK → 800.7k NOK (+472.4%). Equity 252.3k NOK → 1 185 NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 4 D DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 139.9k NOK to 800.7k NOK (+472.4% YoY). Calculated
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↑
Operating result improved
Operating result +442.5k NOK → +493.5k NOK (op. margin 316.3% → 61.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 252.3k NOK → 1 185 NOK (equity ratio 32.4% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 2.41m NOK → 1.01m NOK (-57.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.48× → 0.61× — 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 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3 650 NOK → 652.8k NOK (3% → 82% of revenue). Calculated