Org.nr 997 649 117 2015 → 2016 Year-over-year analysis

4SERVICE AS: årsregnskap 2016 vs 2015

Mixed movements in the accounts

approved 2017-05-26; registry 2017-07-12; journal 2017 663353

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 4SERVICE AS. Revenue 2.22bn NOK → 2.29bn NOK (+3.1%). Equity 13.00m NOK → 12.88m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 4SERVICE AS.

At a glance

Revenue

2.22bn NOK 2.29bn NOK

+3.1%

Equity

13.00m NOK 12.88m NOK

-0.9%

Cash

64.04m NOK 59.45m NOK

-7.2%

Total assets

140.01m NOK 152.29m NOK

+8.8%

↑
Revenue rose

Operating income / revenue moved from 2.22bn NOK to 2.29bn NOK (+3.1% YoY). Calculated

↓
Equity eroded

Book equity 13.00m NOK → 12.88m NOK (equity ratio 9.3% → 8.5%). Calculated
↓
Cash fell

Bank deposits 64.04m NOK → 59.45m NOK (-7.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 95.71m NOK → 3.12bn NOK (4% → 136% of revenue). Calculated
·
COGS fell

COGS / varekostnad 79.33m NOK → 935.4k NOK (-98.8% YoY). Calculated