4X4 MEDICINE AS: årsregnskap 2018 vs 2017
Shrank 44% on revenue, weaker earnings
approved 2019-05-24; registry 2019-07-01; journal 2019 578195
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4X4 MEDICINE AS. Revenue 864.8k NOK → 481.2k NOK (-44.4%). Net result +228.8k NOK → +66.4k NOK. Equity 915.1k NOK → 981.5k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4X4 MEDICINE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +315.8k NOK → +861.2k NOK (op. margin 36.5% → 179.0%). Calculated
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↑
Equity strengthened
Book equity 915.1k NOK → 981.5k NOK (equity ratio 6086.8% → 49.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 864.8k NOK to 481.2k NOK (-44.4% YoY). Calculated
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↓
Net result weakened
Net result +228.8k NOK → +66.4k NOK (net margin 26.5% → 13.8%). Calculated
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↓
Cash fell
Bank deposits 293.1k NOK → 155.3k NOK (-47.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.56× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 2 338 NOK → 972.2k NOK (0% → 202% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 639.3k NOK → 56 NOK. Reported fact