FirmaIQ
Org.nr 890 002 552 2016 → 2017 Year-over-year analysis

A. THORESEN SERVICEVERKSTED AS: årsregnskap 2017 vs 2016

Shrank 19% on revenue, weaker earnings

approved 2018-06-06; registry 2018-06-13; journal 2018 470639

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for A. THORESEN SERVICEVERKSTED AS. Revenue 29.54m NOK → 23.88m NOK (-19.2%). Net result +29.62m NOK → +273.5k NOK. Equity 7.43m NOK → 7.23m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.

At a glance

Scorecard

Revenue
29.54m NOK 23.88m NOK
-19.2%
Operating result
n/m +336.9k NOK
—
Net result
+29.62m NOK +273.5k NOK
-99.1%
Equity
7.43m NOK 7.23m NOK
-2.6%
Cash
3.05m NOK 6.27m NOK
+105.4%
Total assets
13.69m NOK 16.32m NOK
+19.1%

What improved

  • ↑

    Cash rose

    Bank deposits 3.05m NOK → 6.27m NOK (+105.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 29.54m NOK to 23.88m NOK (-19.2% YoY). Calculated

  • ↓

    Net result weakened

    Net result +29.62m NOK → +273.5k NOK (net margin 100.3% → 1.1%). Calculated

  • ↓

    Equity eroded

    Book equity 7.43m NOK → 7.23m NOK (equity ratio 54.2% → 44.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.56m NOK → 1.92m NOK (5% → 8% of revenue). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 500.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 24.44m NOK → 19.68m NOK (-19.5% YoY). Calculated