4343 PICTURES AS: årsregnskap 2017 vs 2016
Grew 352% on revenue, cash halved-plus
approved 2018-05-23; registry 2018-07-03; journal 2018 615115
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4343 PICTURES AS. Revenue 586.6k NOK → 2.65m NOK (+351.7%). Equity 6.10m NOK → 449.0k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 4343 PICTURES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 586.6k NOK to 2.65m NOK (+351.7% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 6.10m NOK → 449.0k NOK (equity ratio 929.1% → 33.6%). Calculated
-
↓
Cash fell
Bank deposits 452.2k NOK → 136.7k NOK (-69.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 88.0k NOK → 731.2k NOK (+730.9% YoY). Calculated