FirmaIQ
Org.nr 917 719 993 2016 → 2017 Year-over-year analysis

4SERVICE EIR RENHOLD AS: årsregnskap 2017 vs 2016

Grew 7497% on revenue, cash halved-plus

approved 2018-03-20; registry 2018-06-07; journal 2018 422812

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 4SERVICE EIR RENHOLD AS. Revenue 147.25m NOK → 11.19bn NOK (+7496.6%). Equity 9.00m NOK → 1.24m NOK.

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

Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for 4SERVICE EIR RENHOLD AS.

At a glance

Scorecard

Revenue
147.25m NOK 11.19bn NOK
+7496.6%
Equity
9.00m NOK 1.24m NOK
-86.2%
Cash
41.76m NOK 2 527 NOK
-100.0%
Total assets
59.10m NOK 78.15m NOK
+32.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 147.25m NOK to 11.19bn NOK (+7496.6% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 9.00m NOK → 1.24m NOK (equity ratio 15.2% → 1.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 41.76m NOK → 2 527 NOK (-100.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (41.76m NOK → 2 527 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 2.11bn NOK → 2.14bn NOK (1435% → 19% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 9.76m NOK → 12.91m NOK (+32.3% YoY). Calculated