Org.nr 966 553 596 2016 → 2017 Year-over-year analysis

AB SYSTEMER AS: årsregnskap 2017 vs 2016

Grew 31% on revenue

approved 2018-05-15; registry 2018-06-11; journal 2018 457005

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AB SYSTEMER AS. Revenue 14.24m NOK → 18.72m NOK (+31.4%). Equity 2.27m NOK → 1.06m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AB SYSTEMER AS.

At a glance

Revenue

14.24m NOK 18.72m NOK

+31.4%

Net result

+939.0k NOK n/m

—

Equity

2.27m NOK 1.06m NOK

-53.4%

Cash

2.53m NOK 2.22m NOK

-12.5%

Total assets

4.70m NOK 5.26m NOK

+12.0%

↑
Revenue rose

Operating income / revenue moved from 14.24m NOK to 18.72m NOK (+31.4% YoY). Calculated

↓
Equity eroded

Book equity 2.27m NOK → 1.06m NOK (equity ratio 48.2% → 20.1%). Calculated
↓
Cash fell

Bank deposits 2.53m NOK → 2.22m NOK (-12.5% YoY). Calculated

·
Payroll increased

Salary cost 1.66m NOK → 1.77m NOK (12% → 9% of revenue). Calculated
·
COGS moved

COGS / varekostnad 10.32m NOK → 13.71m NOK (+32.9% YoY). Calculated