4CASTGROUP AS: årsregnskap 2017 vs 2016
Shrank 92% on revenue, weaker earnings, cash halved-plus
approved 2018-04-16; registry 2018-05-02; journal 2018 293330
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4CASTGROUP AS. Revenue 33.83m NOK → 2.86m NOK (-91.5%). Net result +9.28m NOK → +2.86m NOK. Equity 17.71m NOK → 22.02m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for 4CASTGROUP AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 17.71m NOK → 22.02m NOK (equity ratio 45.5% → 91.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 6.85×. Calculated
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↑
Owners injected capital
Paid-in equity rose 4.40m NOK → 19.40m NOK (+15.00m NOK). Reported fact
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↑
Payroll decreased
Salary cost 17.78m NOK → 17.8k NOK (53% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 33.83m NOK to 2.86m NOK (-91.5% YoY). Calculated
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↓
Net result weakened
Net result +9.28m NOK → +2.86m NOK (net margin 27.4% → 100.0%). Calculated
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↓
Cash fell
Bank deposits 10.23m NOK → 500.0k NOK (-95.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.23m NOK → 500.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 3.46m NOK → 3 463 NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7.79m NOK → 7 793 NOK. Reported fact