3A EIENDOM 3 AS: årsregnskap 2017 vs 2016
Shrank 9% on revenue, weaker earnings
approved 2018-05-30; registry 2018-06-09; journal 2018 449570
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3A EIENDOM 3 AS. Revenue 752.5k NOK → 687.3k NOK (-8.7%). Net result +338.4k NOK → +52.2k NOK. Equity 218.2k NOK → 47.7k NOK.
On the constructive side: cash rose. 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 3A EIENDOM 3 AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 81.4k NOK → 236.4k NOK (+190.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 752.5k NOK to 687.3k NOK (-8.7% YoY). Calculated
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↓
Operating result weakened
Operating result +573.6k NOK → +184.0k NOK (op. margin 76.2% → 26.8%). Calculated
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↓
Net result weakened
Net result +338.4k NOK → +52.2k NOK (net margin 45.0% → 7.6%). Calculated
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↓
Equity eroded
Book equity 218.2k NOK → 47.7k NOK (equity ratio 5.5% → 0.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 12.18m NOK → 12.50m NOK (1618% → 1819% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation