1 SAX AS: årsregnskap 2017 vs 2016
Grew 13% on revenue, cash halved-plus
approved 2018-05-18; registry 2018-06-02; journal 2018 392155
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1 SAX AS. Revenue 40.1k NOK → 45.2k NOK (+12.7%). Equity -32.1k NOK → -71.6k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1 SAX AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 40.1k NOK to 45.2k NOK (+12.7% YoY). Calculated
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↑
Operating result improved
Operating result +21.2k NOK → +34.5k NOK (op. margin 52.9% → 76.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -32.1k NOK → -71.6k NOK (equity ratio -2.3% → -5.1%). Calculated
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↓
Cash fell
Bank deposits 11.9k NOK → 3 784 NOK (-68.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation