4 ELEMENT AS: årsregnskap 2018 vs 2017
Shrank 31% on revenue, stronger earnings, cash halved-plus
approved 2019-07-02; registry 2019-07-15; journal 2019 706004
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4 ELEMENT AS. Revenue 1.34m NOK → 924.8k NOK (-30.8%). Net result -56.7k NOK → -21.3k NOK. Equity 51.6k NOK → 30.3k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
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 -37.0k NOK → -21.4k NOK (op. margin -2.8% → -2.3%). Calculated
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Net result improved
Net result -56.7k NOK → -21.3k NOK (net margin -4.2% → -2.3%). Calculated
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Payroll decreased
Salary cost 224.6k NOK → 78.4k NOK (17% → 8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.34m NOK to 924.8k NOK (-30.8% YoY). Calculated
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↓
Equity eroded
Book equity 51.6k NOK → 30.3k NOK (equity ratio 30.4% → 54.1%). Calculated
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↓
Cash fell
Bank deposits 131.8k NOK → 21.5k NOK (-83.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 832.1k NOK → 699.1k NOK (-16.0% YoY). Calculated