7DESIGN AS: årsregnskap 2017 vs 2016
Grew 82651% on revenue, weaker earnings
approved 2018-04-26; registry 2018-05-22; journal 2018 332018
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7DESIGN AS. Revenue 1 198 NOK → 991.4k NOK (+82651.3%). Net result +294.8k NOK → +37.4k NOK. Equity -124.4k NOK → -86.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1 198 NOK to 991.4k NOK (+82651.3% YoY). Calculated
-
↑
Equity strengthened
Book equity -124.4k NOK → -86.9k NOK (equity ratio -64.9% → -26.8%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +299.7k NOK → +42.0k NOK (op. margin 25014.8% → 4.2%). Calculated
-
↓
Net result weakened
Net result +294.8k NOK → +37.4k NOK (net margin 24606.3% → 3.8%). Calculated
-
↓
Cash fell
Bank deposits 74.8k NOK → 68.7k NOK (-8.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.74× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.18m NOK → 2.33m NOK (182221% → 235% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 530.9k NOK → 462.3k NOK (-12.9% YoY). Calculated