Org.nr 990 078 092 2016 → 2017 Year-over-year analysis

4TRAVEL AS: årsregnskap 2017 vs 2016

Shrank 10% on revenue, cash halved-plus

approved 2018-02-14; registry 2018-07-25; journal 2018 780903

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 4TRAVEL AS. Revenue 9.53m NOK → 8.53m NOK (-10.5%). Equity 812.2k NOK → 841.0k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4TRAVEL AS.

At a glance

Revenue

9.53m NOK 8.53m NOK

-10.5%

Net result

n/m +28.8k NOK

—

Equity

812.2k NOK 841.0k NOK

+3.5%

Cash

877.0k NOK 293.0k NOK

-66.6%

Total assets

1.39m NOK 1.61m NOK

+15.7%

↑
Equity strengthened

Book equity 812.2k NOK → 841.0k NOK (equity ratio 58.4% → 52.3%). Calculated

↓
Revenue fell

Operating income / revenue moved from 9.53m NOK to 8.53m NOK (-10.5% YoY). Calculated
↓
Cash fell

Bank deposits 877.0k NOK → 293.0k NOK (-66.6% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 796.1k NOK → 850.4k NOK (8% → 10% of revenue). Calculated