1000 MILE NORGE AS: årsregnskap 2017 vs 2016
Shrank 16% on revenue, weaker earnings
approved 2018-06-15; registry 2018-06-21; journal 2018 527764
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1000 MILE NORGE AS. Revenue 111.9k NOK → 94.1k NOK (-15.9%). Net result -34.5k NOK → -378.2k NOK. Equity 471.2k NOK → 93.0k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 22.7k NOK → 77.7k NOK (+242.8% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.34× → 1.61×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 111.9k NOK to 94.1k NOK (-15.9% YoY). Calculated
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↓
Operating result weakened
Operating result -34.6k NOK → -225.3k NOK (op. margin -30.9% → -239.4%). Calculated
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↓
Net result weakened
Net result -34.5k NOK → -378.2k NOK (net margin -30.8% → -401.8%). Calculated
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↓
Equity eroded
Book equity 471.2k NOK → 93.0k NOK (equity ratio 41.0% → 7.4%). Calculated
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↓
COGS moved
COGS / varekostnad 51.8k NOK → 76.6k NOK (+48.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation