5ARNS DATA AS: årsregnskap 2017 vs 2016
Grew 216% on revenue, weaker earnings
approved 2018-05-27; registry 2018-06-05; journal 2018 402265
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 5ARNS DATA AS. Revenue 192.5k NOK → 607.7k NOK (+215.7%). Net result +32.9k NOK → +22.2k NOK. Equity -2 859 NOK → -25.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 5ARNS DATA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 192.5k NOK to 607.7k NOK (+215.7% YoY). Calculated
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↑
Operating result improved
Operating result -31.6k NOK → +607.6k NOK (op. margin -16.4% → 100.0%). Calculated
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↑
Cash rose
Bank deposits 26.8k NOK → 81.3k NOK (+202.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +32.9k NOK → +22.2k NOK (net margin 17.1% → 3.7%). Calculated
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↓
Equity eroded
Book equity -2 859 NOK → -25.1k NOK (equity ratio -4.0% → -35.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 51.3k NOK → 3.23m NOK (27% → 531% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 115.1k NOK → 285.1k NOK (+147.7% YoY). Calculated