Org.nr 945 274 476 2016 → 2017 Year-over-year analysis

ACCOUNT-IT AS: årsregnskap 2017 vs 2016

Shrank 11% on revenue

approved 2018-06-15; registry 2018-07-11; journal 2018 666432

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ACCOUNT-IT AS. Revenue 13.63m NOK → 12.19m NOK (-10.6%). Equity 6.95m NOK → 2.91m NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCOUNT-IT AS.

At a glance

Revenue

13.63m NOK 12.19m NOK

-10.6%

Operating result

+69.6k NOK n/m

—

Net result

+884.1k NOK n/m

—

Equity

6.95m NOK 2.91m NOK

-58.1%

Cash

6.57m NOK 4.18m NOK

-36.3%

Total assets

10.38m NOK 6.45m NOK

-37.9%

↑
Payroll decreased

Salary cost 8.94m NOK → 8.35m NOK (66% → 69% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 13.63m NOK to 12.19m NOK (-10.6% YoY). Calculated
↓
Equity eroded

Book equity 6.95m NOK → 2.91m NOK (equity ratio 66.9% → 45.1%). Calculated
↓
Cash fell

Bank deposits 6.57m NOK → 4.18m NOK (-36.3% YoY). Calculated

·
COGS fell

COGS / varekostnad 481.8k NOK → 303.4k NOK (-37.0% YoY). Calculated
·
Book investments changed

Investment / intangible book value 116.3k NOK → 106.3k NOK. Reported fact