4 ELEMENT AS: årsregnskap 2016 vs 2015
Shrank 62% on revenue, slipped into loss, cash halved-plus
approved 2017-07-07; registry 2017-07-13; journal 2017 675257
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 4 ELEMENT AS. Revenue 5.52m NOK → 2.07m NOK (-62.5%). Net result +206.7k NOK → -349.8k NOK. Equity 458.6k NOK → 108.3k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4 ELEMENT AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.27× → 1.56×. Calculated
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↑
Payroll decreased
Salary cost 4.32m NOK → 124.1k NOK (78% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.52m NOK to 2.07m NOK (-62.5% YoY). Calculated
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↓
Operating result weakened
Operating result +215.3k NOK → -235.3k NOK (op. margin 3.9% → -11.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 206.7k NOK profit to a loss of 349.8k NOK. Calculated
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↓
Equity eroded
Book equity 458.6k NOK → 108.3k NOK (equity ratio 39030.8% → 42.3%). Calculated
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↓
Cash fell
Bank deposits 560.1k NOK → 110.4k NOK (-80.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.43m NOK → 1.33m NOK (-70.0% YoY). Calculated