FirmaIQ
Org.nr 988 578 932 2016 → 2017 Year-over-year analysis

SMARTDOK AS: årsregnskap 2017 vs 2016

Grew 27% on revenue, stronger earnings

approved 23.03.2018; registry 31.05.2018; journal 2018 382952

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for SMARTDOK AS. Revenue 26.10m NOK → 33.28m NOK (+27.5%). Net result +2.22m NOK → +4.34m NOK. Equity 5.89m NOK → 3.29m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for SMARTDOK AS.

At a glance

Scorecard

Revenue
26.10m NOK 33.28m NOK
+27.5%
Operating result
+2.49m NOK +5.40m NOK
+117.0%
Net result
+2.22m NOK +4.34m NOK
+95.5%
Equity
5.89m NOK 3.29m NOK
-44.1%
Cash
13.47m NOK 16.62m NOK
+23.4%
Total assets
21.86m NOK 28.81m NOK
+31.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 26.10m NOK to 33.28m NOK (+27.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.49m NOK → +5.40m NOK (op. margin 9.5% → 16.2%). Calculated

  • ↑

    Net result improved

    Net result +2.22m NOK → +4.34m NOK (net margin 8.5% → 13.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 13.47m NOK → 16.62m NOK (+23.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 5.89m NOK → 3.29m NOK (equity ratio 27.0% → 11.4%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 100.0k NOK → 92.0k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 12.70m NOK → 15.03m NOK (49% → 45% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.46m NOK → 4.44m NOK (+28.3% YoY). Calculated