Org.nr 989 528 157 2016 → 2017 Year-over-year analysis

7 STEEL NORDIC GROUP AS: årsregnskap 2017 vs 2016

Cash halved-plus

approved 2018-04-26; registry 2018-05-24; journal 2018 343281

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 7 STEEL NORDIC GROUP AS. Revenue 4.42m NOK → 4.28m NOK (-3.2%). Equity 43.99m NOK → 37.46m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC GROUP AS.

At a glance

Revenue

4.42m NOK 4.28m NOK

-3.2%

Operating result

+19.96m NOK +16.81m NOK

-15.7%

Equity

43.99m NOK 37.46m NOK

-14.8%

Cash

117.0k NOK 189 NOK

-99.8%

Total assets

127.24m NOK 121.69m NOK

-4.4%

↑
Payroll decreased

Salary cost 256.0k NOK → 302 NOK (6% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.42m NOK to 4.28m NOK (-3.2% YoY). Calculated
↓
Operating result weakened

Operating result +19.96m NOK → +16.81m NOK (op. margin 451.3% → 392.9%). Calculated
↓
Equity eroded

Book equity 43.99m NOK → 37.46m NOK (equity ratio 34.6% → 30.8%). Calculated
↓
Cash fell

Bank deposits 117.0k NOK → 189 NOK (-99.8% YoY). Calculated
↓
COGS moved

COGS / varekostnad 5.12m NOK → 5.16m NOK (+0.7% YoY). Calculated

·
Book investments changed

Investment / intangible book value 112.7k NOK → 105.58m NOK. Reported fact