74 ENTERTAINMENT AS: årsregnskap 2017 vs 2016
Grew 1106% on revenue, cash halved-plus
approved 2018-06-30; registry 2018-07-31; journal 2018 834231
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 74 ENTERTAINMENT AS. Revenue 456.6k NOK → 5.51m NOK (+1106.1%). Equity -1.41m NOK → -2.80m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 74 ENTERTAINMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 456.6k NOK to 5.51m NOK (+1106.1% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -1.41m NOK → -2.80m NOK (equity ratio -48.3% → -39.1%). Calculated
-
↓
Cash fell
Bank deposits 86.3k NOK → 28.3k NOK (-67.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 23.01× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 565.0k NOK → 3.24m NOK (124% → 59% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2.90m NOK → 6.17m NOK (+112.8% YoY). Calculated