7 STEEL NORDIC REINFORCING AS: årsregnskap 2017 vs 2016
Mixed movements in the accounts
approved 2018-04-25; registry 2018-05-30; journal 2018 374214
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7 STEEL NORDIC REINFORCING AS. Revenue 0 NOK → 0 NOK (0.0%). Equity 691.17m NOK → 842.25m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: operating result weakened; payroll up without matching revenue; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 691.17m NOK → 842.25m NOK (equity ratio 59.9% → 65.8%). Calculated
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↑
Cash rose
Bank deposits 94.51m NOK → 128.45m NOK (+35.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.32×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +19.96m NOK → +16.81m NOK. Calculated
-
↓
Payroll up without matching revenue
Salary cost 60.08m NOK → 63.22m NOK. Calculated
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↓
COGS moved
COGS / varekostnad 5.12m NOK → 5.16m NOK (+0.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 698.36m NOK → 700.12m NOK. Reported fact