FirmaIQ
Org.nr 947 038 400 2016 → 2017 Year-over-year analysis

A/S SørMek: årsregnskap 2017 vs 2016

Grew 59% on revenue, stronger earnings

approved 2018-03-16; registry 2018-07-07; journal 2018 633647

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for A/S SørMek. Revenue 21.69m NOK → 34.51m NOK (+59.1%). Net result +2.40m NOK → +4.28m NOK. Equity 5.34m NOK → 7.62m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S SørMek.

At a glance

Scorecard

Revenue
21.69m NOK 34.51m NOK
+59.1%
Net result
+2.40m NOK +4.28m NOK
+78.5%
Equity
5.34m NOK 7.62m NOK
+42.7%
Cash
909.5k NOK 5.55m NOK
+510.2%
Total assets
15.39m NOK 22.94m NOK
+49.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 21.69m NOK to 34.51m NOK (+59.1% YoY). Calculated

  • ↑

    Net result improved

    Net result +2.40m NOK → +4.28m NOK (net margin 11.1% → 12.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.34m NOK → 7.62m NOK (equity ratio 34.7% → 33.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 909.5k NOK → 5.55m NOK (+510.2% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.81m NOK → 5.14m NOK (22% → 15% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 11.30m NOK → 20.80m NOK (+84.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.02m NOK → 55.9k NOK. Reported fact