Org.nr 989 890 832 2016 → 2017 Year-over-year analysis

99X SOLUTIONS AS: årsregnskap 2017 vs 2016

Shrank 16% on revenue

approved 2018-05-16; registry 2018-06-18; journal 2018 495278

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 99X SOLUTIONS AS. Revenue 14.60m NOK → 12.33m NOK (-15.5%). Equity 596.5k NOK → 1.93m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 99X SOLUTIONS AS.

At a glance

Revenue

14.60m NOK 12.33m NOK

-15.5%

Equity

596.5k NOK 1.93m NOK

+223.0%

Cash

3.30m NOK 1.75m NOK

-47.1%

Total assets

5.35m NOK 4.15m NOK

-22.4%

↑
Equity strengthened

Book equity 596.5k NOK → 1.93m NOK (equity ratio 11.2% → 46.5%). Calculated

↓
Revenue fell

Operating income / revenue moved from 14.60m NOK to 12.33m NOK (-15.5% YoY). Calculated
↓
Cash fell

Bank deposits 3.30m NOK → 1.75m NOK (-47.1% YoY). Calculated

·
COGS fell

COGS / varekostnad 5.00m NOK → 4.76m NOK (-4.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 13.8k NOK → 18.1k NOK. Reported fact