4IT.NO AS: årsregnskap 2018 vs 2017
Shrank 79% on revenue, cash halved-plus
approved 2019-07-31; registry 2019-08-03; journal 2019 908526
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4IT.NO AS. Revenue 71.5k NOK → 14.9k NOK (-79.2%). Equity -56.0k NOK → 36.2k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 4IT.NO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -156.0k NOK → -29.5k NOK (op. margin -218.2% → -198.7%). Calculated
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↑
Equity strengthened
Book equity -56.0k NOK → 36.2k NOK (equity ratio -86.5% → 100.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.54× → 301.96×. Calculated
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↑
Payroll decreased
Salary cost 120.0k NOK → 120 NOK (168% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 71.5k NOK to 14.9k NOK (-79.2% YoY). Calculated
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↓
Cash fell
Bank deposits 29.8k NOK → 13.1k NOK (-55.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 64.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 49.0k NOK → 23.9k NOK (-51.3% YoY). Calculated