8-BITS AS: årsregnskap 2017 vs 2016
Grew 60% on revenue, weaker earnings
approved 2018-05-25; registry 2018-06-05; journal 2018 411110
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 8-BITS AS. Revenue 285.1k NOK → 455.9k NOK (+59.9%). Net result +163.8k NOK → +24.4k NOK. Equity -46.0k NOK → -70.4k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 8-BITS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 285.1k NOK to 455.9k NOK (+59.9% YoY). Calculated
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↑
Operating result improved
Operating result -161.9k NOK → -31.7k NOK (op. margin -56.8% → -7.0%). Calculated
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Cash rose
Bank deposits 35.7k NOK → 69.9k NOK (+95.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 328.5k NOK → 2 310 NOK (115% → 1% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +163.8k NOK → +24.4k NOK (net margin 57.5% → 5.4%). Calculated
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↓
Equity eroded
Book equity -46.0k NOK → -70.4k NOK (equity ratio -58.0% → -83.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -83.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 27.9k NOK → 11.2k NOK (-59.9% YoY). Calculated