1001 NATT AS: årsregnskap 2017 vs 2016
Shrank 13% on revenue, slipped into loss
approved 2018-07-20; registry 2018-07-26; journal 2018 797778
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1001 NATT AS. Revenue 5.38m NOK → 4.70m NOK (-12.6%). Net result +87.0k NOK → -262.9k NOK. Equity 305.3k NOK → 42.4k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1001 NATT AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 275.6k NOK → 385.8k NOK (+40.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.33× → 1.04×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.38m NOK to 4.70m NOK (-12.6% YoY). Calculated
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↓
Operating result weakened
Operating result +117.97m NOK → +263.2k NOK (op. margin 2193.9% → 5.6%). Calculated
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Fell into a net loss
Net result flipped from 87.0k NOK profit to a loss of 262.9k NOK. Calculated
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↓
Equity eroded
Book equity 305.3k NOK → 42.4k NOK (equity ratio 229.4% → 4.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.13m NOK → 1.28m NOK (21% → 27% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.63m NOK → 3.24m NOK (-10.8% YoY). Calculated