4SUBSEA AS: årsregnskap 2017 vs 2016
Grew 11% on revenue, cash halved-plus
approved 2018-06-14; registry 2018-07-11; journal 2018 661054
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4SUBSEA AS. Revenue 97.46m NOK → 108.39m NOK (+11.2%). Equity 33.04m NOK → 34.03m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for 4SUBSEA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 97.46m NOK to 108.39m NOK (+11.2% YoY). Calculated
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↑
Equity strengthened
Book equity 33.04m NOK → 34.03m NOK (equity ratio 50.2% → 51.4%). Calculated
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↑
Payroll decreased
Salary cost 51.08m NOK → 6 NOK (52% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 19.82m NOK → 9.86m NOK (-50.2% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 3.96m NOK → 3 956 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 26.13m NOK → 31.23m NOK (+19.5% YoY). Calculated