7NULL4 AS: årsregnskap 2017 vs 2016
Shrank 95% on revenue, slipped into loss
approved 2018-03-20; registry 2018-04-03; journal 2018 250692
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7NULL4 AS. Revenue 134.4k NOK → 7 007 NOK (-94.8%). Net result +311.9k NOK → -958.2k NOK. Equity 359.7k NOK → -598.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7NULL4 AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 195.3k NOK → 314.5k NOK (+61.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 134.4k NOK to 7 007 NOK (-94.8% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 311.9k NOK profit to a loss of 958.2k NOK. Calculated
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↓
Equity eroded
Book equity 359.7k NOK → -598.5k NOK (equity ratio 16.1% → -23.6%). Calculated
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↓
COGS moved
COGS / varekostnad 559.4k NOK → 857.8k NOK (+53.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -23.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation