Org.nr 980 345 106 2015 → 2016 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2016 vs 2015

Shrank 100% on revenue

approved 2017-05-04; registry 2017-06-29; journal 2017 556792

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 7 STEEL SERVICE NORWAY AS. Revenue 601.23m NOK → 672.7k NOK (-99.9%). Equity 25.90m NOK → 28.74m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.

At a glance

Revenue

601.23m NOK 672.7k NOK

-99.9%

Equity

25.90m NOK 28.74m NOK

+11.0%

Cash

3.89m NOK 4.61m NOK

+18.3%

Total assets

205.0k NOK 286.2k NOK

+39.6%

↑
Equity strengthened

Book equity 25.90m NOK → 28.74m NOK (equity ratio 12633.7% → 10044.5%). Calculated
↑
Cash rose

Bank deposits 3.89m NOK → 4.61m NOK (+18.3% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 601.23m NOK to 672.7k NOK (-99.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 86.11m NOK → 94.82m NOK (14% → 14095% of revenue). Calculated

·
COGS fell

COGS / varekostnad 413.60m NOK → 457.4k NOK (-99.9% YoY). Calculated