4SERVICE AS: årsregnskap 2018 vs 2017
Shrank 15% on revenue, weaker earnings, cash halved-plus
approved 2019-06-05; registry 2019-07-23; journal 2019 771839
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4SERVICE AS. Revenue 250.11m NOK → 211.42m NOK (-15.5%). Net result +19.41m NOK → +2 018 NOK. Equity 8.76m NOK → 25.82m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4SERVICE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 8.76m NOK → 25.82m NOK (equity ratio 6.4% → 28368480.2%). Calculated
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↑
Payroll decreased
Salary cost 93.46m NOK → 79.19m NOK (37% → 37% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 250.11m NOK to 211.42m NOK (-15.5% YoY). Calculated
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↓
Net result weakened
Net result +19.41m NOK → +2 018 NOK (net margin 7.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 894.7k NOK → 251.0k NOK (-71.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 93.08m NOK → 79.36m NOK (-14.7% YoY). Calculated