4SERVICE HOLDING AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2018-04-05; registry 2018-07-23; journal 2018 752685
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4SERVICE HOLDING AS. Revenue 12.59bn NOK → 0 NOK (-100.0%). Net result -22.2k NOK → +34.2k NOK. Equity 253.48m NOK → 407.64m NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 4SERVICE HOLDING AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 22.2k NOK to a profit of 34.2k NOK. Calculated
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Equity strengthened
Book equity 253.48m NOK → 407.64m NOK (equity ratio 76.3% → 99.9%). Calculated
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Current ratio back above 1×
Current ratio 0.15× → 563835.49×. Calculated
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Owners injected capital
Paid-in equity rose 253.48m NOK → 407.64m NOK (+154.16m NOK). Reported fact
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Payroll decreased
Salary cost 5.11m NOK → 114 NOK. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 12.59bn NOK to 0 NOK (-100.0% YoY). Calculated
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Cash fell
Bank deposits 2.36m NOK → 263.1k NOK (-88.8% YoY). Calculated
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COGS moved
COGS / varekostnad 194.96m NOK → 10.35bn NOK (+5207.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.36m NOK → 263.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 320.09m NOK → 368.09m NOK. Reported fact