79 DEGREES SOUTH AS: årsregnskap 2017 vs 2016
Grew 52% on revenue, returned to profit
approved 2018-02-15; registry 2018-02-22; journal 2018 211891
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 79 DEGREES SOUTH AS. Revenue 1.55m NOK → 2.35m NOK (+51.7%). Net result -246.6k NOK → +891.5k NOK. Equity 4 710 NOK → 7.55m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.55m NOK to 2.35m NOK (+51.7% YoY). Calculated
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Operating result improved
Operating result -314.1k NOK → +189.5k NOK (op. margin -20.2% → 8.0%). Calculated
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Turned profitable
Net result flipped from a loss of 246.6k NOK to a profit of 891.5k NOK. Calculated
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Equity strengthened
Book equity 4 710 NOK → 7.55m NOK (equity ratio 0.8% → 2113.2%). Calculated
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Cash rose
Bank deposits 245.5k NOK → 785.4k NOK (+220.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.53m NOK → 4.78m NOK (98% → 203% of revenue). Calculated