911 HOLDING AS: årsregnskap 2017 vs 2016
Grew 80% on revenue, stronger earnings, cash halved-plus
approved 2018-05-22; registry 2018-06-09; journal 2018 440172
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 911 HOLDING AS. Revenue 5 570 NOK → 10.1k NOK (+80.4%). Net result +2 016 NOK → +1.69m NOK. Equity 15.16m NOK → 16.62m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 911 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5 570 NOK to 10.1k NOK (+80.4% YoY). Calculated
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↑
Net result improved
Net result +2 016 NOK → +1.69m NOK (net margin 36.2% → 16770.3%). Calculated
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↑
Equity strengthened
Book equity 15.16m NOK → 16.62m NOK (equity ratio 73.3% → 67.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -76.7k NOK → -217.2k NOK (op. margin -1377.8% → -2161.1%). Calculated
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↓
Cash fell
Bank deposits 3.67m NOK → 53.3k NOK (-98.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.67m NOK → 53.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 16.58m NOK → 2 205 NOK. Reported fact