70 GRADER N ARKITEKTUR AS: årsregnskap 2017 vs 2016
Grew 40% on revenue, returned to profit, cash halved-plus
approved 2018-06-30; registry 2018-07-14; journal 2018 707121
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 70 GRADER N ARKITEKTUR AS. Revenue 3.72m NOK → 5.21m NOK (+39.8%). Net result -49.8k NOK → +110.1k NOK. Equity 434.9k NOK → 545.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.72m NOK to 5.21m NOK (+39.8% YoY). Calculated
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↑
Operating result improved
Operating result -51.9k NOK → +185.5k NOK (op. margin -1.4% → 3.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 49.8k NOK to a profit of 110.1k NOK. Calculated
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↑
Equity strengthened
Book equity 434.9k NOK → 545.0k NOK (equity ratio 32.0% → 32.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 928.3k NOK → 199.1k NOK (-78.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.66m NOK → 3.33m NOK (71% → 64% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 281.4k NOK → 427.2k NOK (+51.8% YoY). Calculated