4TRAVEL AS: årsregnskap 2018 vs 2017
Grew 23% on revenue
approved 2019-02-20; registry 2019-03-20; journal 2019 243992
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4TRAVEL AS. Revenue 8.53m NOK → 10.47m NOK (+22.7%). Net result +28.8k NOK → +29.2k NOK. Equity 841.0k NOK → 133.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4TRAVEL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.53m NOK to 10.47m NOK (+22.7% YoY). Calculated
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↑
Cash rose
Bank deposits 293.0k NOK → 1.66m NOK (+467.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 841.0k NOK → 133.5k NOK (equity ratio 52.3% → 7.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 850.4k NOK → 2.94m NOK (10% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7.37m NOK → 8.83m NOK (+19.7% YoY). Calculated