8 IN VEST AS: årsregnskap 2017 vs 2016
Shrank 37% on revenue, stronger earnings
approved 2018-05-27; registry 2018-06-07; journal 2018 435848
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 8 IN VEST AS. Revenue 1.12m NOK → 700.4k NOK (-37.4%). Net result +68.9k NOK → +110.7k NOK. Equity 793.2k NOK → 903.9k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 8 IN VEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +85.9k NOK → +121.2k NOK (op. margin 7.7% → 17.3%). Calculated
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↑
Net result improved
Net result +68.9k NOK → +110.7k NOK (net margin 6.2% → 15.8%). Calculated
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↑
Equity strengthened
Book equity 793.2k NOK → 903.9k NOK (equity ratio 55.7% → 63.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.12m NOK to 700.4k NOK (-37.4% YoY). Calculated
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↓
Cash fell
Bank deposits 969.0k NOK → 618.6k NOK (-36.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 016 NOK → 420.7k NOK (0% → 60% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5.32m NOK → 333.6k NOK. Reported fact