Org.nr 897 392 232 2017 → 2018 Year-over-year analysis

4SERVICE GRUPPEN AS: årsregnskap 2018 vs 2017

Shrank 24% on revenue, cash halved-plus

approved 2019-06-04; registry 2019-07-23; journal 2019 771819

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 4SERVICE GRUPPEN AS. Revenue 4.05m NOK → 3.06m NOK (-24.5%). Equity 96.74m NOK → 98.52m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 4SERVICE GRUPPEN AS.

At a glance

Revenue

4.05m NOK 3.06m NOK

-24.5%

Net result

n/m +1.74m NOK

—

Equity

96.74m NOK 98.52m NOK

+1.8%

Cash

52.87m NOK 2.61m NOK

-95.1%

Total assets

589.18m NOK 595.13m NOK

+1.0%

↑
Equity strengthened

Book equity 96.74m NOK → 98.52m NOK (equity ratio 16.4% → 16.6%). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.05m NOK to 3.06m NOK (-24.5% YoY). Calculated
↓
Cash fell

Bank deposits 52.87m NOK → 2.61m NOK (-95.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 21.19m NOK → 27.48m NOK (523% → 899% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (52.87m NOK → 2.61m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 419.99m NOK → 500.69m NOK. Reported fact