3P DISTRIBUSJON AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2018-06-28; registry 2018-07-17; journal 2018 718138
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3P DISTRIBUSJON AS. Revenue 67.5k NOK → 0 NOK (-100.0%). Net result -30.4k NOK → -136.2k NOK. Equity -828.2k NOK → -964.3k NOK.
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 3P DISTRIBUSJON AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 67.5k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -30.4k NOK → -123.6k NOK. Calculated
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↓
Net result weakened
Net result -30.4k NOK → -136.2k NOK. Calculated
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↓
Equity eroded
Book equity -828.2k NOK → -964.3k NOK (equity ratio -726.1% → -2672.2%). Calculated
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↓
Cash fell
Bank deposits 149.3k NOK → 1 442 NOK (-99.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2672.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation