4 ELEMENT AS: årsregnskap 2017 vs 2016
Shrank 35% on revenue, stronger earnings
approved 2018-07-06; registry 2018-07-31; journal 2018 827864
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4 ELEMENT AS. Revenue 2.07m NOK → 1.34m NOK (-35.4%). Net result -349.8k NOK → -56.7k NOK. Equity 108.3k NOK → 51.6k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
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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↑
Operating result improved
Operating result -235.3k NOK → -37.0k NOK (op. margin -11.4% → -2.8%). Calculated
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↑
Net result improved
Net result -349.8k NOK → -56.7k NOK (net margin -16.9% → -4.2%). Calculated
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↑
Cash rose
Bank deposits 110.4k NOK → 131.8k NOK (+19.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.07m NOK to 1.34m NOK (-35.4% YoY). Calculated
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↓
Equity eroded
Book equity 108.3k NOK → 51.6k NOK (equity ratio 42.3% → 30.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 124.1k NOK → 224.6k NOK (6% → 17% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.33m NOK → 832.1k NOK (-37.5% YoY). Calculated