7 FJELL AS: årsregnskap 2018 vs 2017
Grew 429% on revenue, slipped into loss, cash halved-plus
approved 2019-03-06; registry 2019-03-09; journal 2019 229705
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7 FJELL AS. Revenue 148.2k NOK → 783.8k NOK (+428.9%). Net result +117.3k NOK → -126.6k NOK. Equity 196.8k NOK → 1.07m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 7 FJELL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 148.2k NOK to 783.8k NOK (+428.9% YoY). Calculated
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↑
Equity strengthened
Book equity 196.8k NOK → 1.07m NOK (equity ratio 15.6% → 98.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +156.9k NOK → -86.8k NOK (op. margin 105.9% → -11.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 117.3k NOK profit to a loss of 126.6k NOK. Calculated
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↓
Cash fell
Bank deposits 470.3k NOK → 118.6k NOK (-74.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 65.9k NOK → 5.37m NOK (44% → 685% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 442.3k NOK → 113.3k NOK (-74.4% YoY). Calculated