7 FJELL BRYGGERI AS: årsregnskap 2017 vs 2016
Grew 24% on revenue, weaker earnings, cash halved-plus
approved 2018-04-12; registry 2018-06-12; journal 2018 459862
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7 FJELL BRYGGERI AS. Revenue 14.82m NOK → 18.30m NOK (+23.5%). Net result +552.7k NOK → +371.5k NOK. Equity 16.80m NOK → 17.17m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for 7 FJELL BRYGGERI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 14.82m NOK to 18.30m NOK (+23.5% YoY). Calculated
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↑
Equity strengthened
Book equity 16.80m NOK → 17.17m NOK (equity ratio 58.4% → 60.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.17m NOK → +1 011 NOK (op. margin 7.9% → 0.0%). Calculated
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↓
Net result weakened
Net result +552.7k NOK → +371.5k NOK (net margin 3.7% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 10.63m NOK → 838.2k NOK (-92.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.63m NOK → 838.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 6.01m NOK → 6.43m NOK (41% → 35% of revenue). Calculated
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COGS fell
COGS / varekostnad 4.36m NOK → 4.34m NOK (-0.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 9 NOK → 2.37m NOK. Reported fact