58N EIENDOM AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, weaker earnings
approved 2018-04-12; registry 2018-06-07; journal 2018 433812
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 58N EIENDOM AS. Revenue 435.0k NOK → 382.5k NOK (-12.1%). Net result +134.8k NOK → +17.9k NOK. Equity 24.17m NOK → 24.19m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 58N EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 24.17m NOK → 24.19m NOK (equity ratio 78.7% → 81.8%). Calculated
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↑
Cash rose
Bank deposits 277.9k NOK → 284.5k NOK (+2.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 435.0k NOK to 382.5k NOK (-12.1% YoY). Calculated
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↓
Operating result weakened
Operating result -11.6k NOK → -125.8k NOK (op. margin -2.7% → -32.9%). Calculated
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↓
Net result weakened
Net result +134.8k NOK → +17.9k NOK (net margin 31.0% → 4.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 11.29× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 24.47m NOK → 24.39m NOK. Reported fact