7SENSE AGRITECH AS: årsregnskap 2017 vs 2016
Shrank 29% on revenue, slipped into loss, fresh owner capital
approved 2018-05-22; registry 2018-06-13; journal 2018 471295
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7SENSE AGRITECH AS. Revenue 3.16m NOK → 2.25m NOK (-28.7%). Net result +52.5k NOK → -414.4k NOK. Equity 115.4k NOK → 388.5k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 7SENSE AGRITECH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 115.4k NOK → 388.5k NOK (equity ratio 4.2% → 17.4%). Calculated
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↑
Owners injected capital
Paid-in equity rose 39.6k NOK → 1.73m NOK (+1.69m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.16m NOK to 2.25m NOK (-28.7% YoY). Calculated
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↓
Operating result weakened
Operating result +171.6k NOK → -334.0k NOK (op. margin 5.4% → -14.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 52.5k NOK profit to a loss of 414.4k NOK. Calculated
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↓
Cash fell
Bank deposits 46.0k NOK → 42.3k NOK (-8.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 915.7k NOK → 5.96m NOK (29% → 264% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 835.9k NOK → 788.4k NOK (-5.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.4k NOK → 10.7k NOK. Reported fact