4SERVICE AS: årsregnskap 2017 vs 2016
Shrank 89% on revenue, cash halved-plus
approved 2018-06-21; registry 2018-07-18; journal 2018 713488
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4SERVICE AS. Revenue 2.29bn NOK → 250.11m NOK (-89.1%). Equity 12.88m NOK → 8.76m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for 4SERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.12bn NOK → 93.46m NOK (136% → 37% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.29bn NOK to 250.11m NOK (-89.1% YoY). Calculated
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↓
Equity eroded
Book equity 12.88m NOK → 8.76m NOK (equity ratio 8.5% → 6.4%). Calculated
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↓
Cash fell
Bank deposits 59.45m NOK → 894.7k NOK (-98.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 935.4k NOK → 93.08m NOK (+9850.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (59.45m NOK → 894.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 112.2k NOK → 78.1k NOK — check capital reduction, conversion, or reclassification. Interpretation