4 SEAS AS: årsregnskap 2017 vs 2016
Shrank 57% on revenue
approved 2018-06-06; registry 2018-07-16; journal 2018 687196
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4 SEAS AS. Revenue 261.1k NOK → 111.2k NOK (-57.4%). Net result -294.7k NOK → -340.9k NOK. Equity 215.1k NOK → -125.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 SEAS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 41.0k NOK → 175.1k NOK (+327.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 261.1k NOK to 111.2k NOK (-57.4% YoY). Calculated
-
↓
Operating result weakened
Operating result -9 909 NOK → -68.8k NOK (op. margin -3.8% → -61.9%). Calculated
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↓
Net result weakened
Net result -294.7k NOK → -340.9k NOK (net margin -112.9% → -306.5%). Calculated
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↓
Equity eroded
Book equity 215.1k NOK → -125.8k NOK (equity ratio 2.3% → -1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation