4MB CONSULTANTS AS: årsregnskap 2018 vs 2017
Shrank 20% on revenue, stronger earnings, cash halved-plus
approved 2019-05-24; registry 2019-07-17; journal 2019 740368
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4MB CONSULTANTS AS. Revenue 948.4k NOK → 754.7k NOK (-20.4%). Net result +60.5k NOK → +303.4k NOK. Equity 3.01m NOK → 3.32m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 4MB CONSULTANTS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +33.0k NOK → +343.7k NOK (op. margin 3.5% → 45.5%). Calculated
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Net result improved
Net result +60.5k NOK → +303.4k NOK (net margin 6.4% → 40.2%). Calculated
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Equity strengthened
Book equity 3.01m NOK → 3.32m NOK (equity ratio 87.0% → 92.5%). Calculated
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Payroll decreased
Salary cost 694.9k NOK → 170.9k NOK (73% → 23% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 948.4k NOK to 754.7k NOK (-20.4% YoY). Calculated
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Cash fell
Bank deposits 2.40m NOK → 785.8k NOK (-67.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.40m NOK → 785.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 424.0k NOK → 432.1k NOK. Reported fact