4 REAL AS: årsregnskap 2017 vs 2016
Shrank 27% on revenue
approved 2018-05-28; registry 2018-06-09; journal 2018 443936
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4 REAL AS. Revenue 3.84m NOK → 2.82m NOK (-26.5%). Equity 10.14m NOK → 14 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 REAL AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 41.4k NOK → 160.9k NOK (+288.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.84m NOK to 2.82m NOK (-26.5% YoY). Calculated
-
↓
Equity eroded
Book equity 10.14m NOK → 14 NOK (equity ratio 1333.8% → 0.0%). Calculated
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↓
COGS moved
COGS / varekostnad 74.4k NOK → 9.40m NOK (+12537.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation