A/S Kvikk: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-02-15; registry 2018-03-10; journal 2018 225877
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A/S Kvikk. Revenue 181.9k NOK → 189.6k NOK (+4.2%). Net result -28.4k NOK → +58.6k NOK. Equity 555.1k NOK → 613.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 181.9k NOK to 189.6k NOK (+4.2% YoY). Calculated
-
↑
Operating result improved
Operating result -22.6k NOK → +94.6k NOK (op. margin -12.4% → 49.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 28.4k NOK to a profit of 58.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 555.1k NOK → 613.7k NOK (equity ratio 30.7% → 41.7%). Calculated
-
↑
Payroll decreased
Salary cost 114.1k NOK → 2 114 NOK (63% → 1% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 465.1k NOK → 136.0k NOK (-70.8% YoY). Calculated