4HOME AS: årsregnskap 2017 vs 2016
Shrank 63% on revenue, cash halved-plus
approved 2018-05-25; registry 2018-06-07; journal 2018 431600
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4HOME AS. Revenue 2.35m NOK → 877.9k NOK (-62.7%). Equity 228.3k NOK → 28.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 4HOME AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.12m NOK → 1.06m NOK (48% → 121% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.35m NOK to 877.9k NOK (-62.7% YoY). Calculated
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↓
Equity eroded
Book equity 228.3k NOK → 28.7k NOK (equity ratio 60.9% → 11.7%). Calculated
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↓
Cash fell
Bank deposits 6.24m NOK → -6 444 NOK (-100.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.43× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.24m NOK → -6 444 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation