5 STAR AS: årsregnskap 2016 vs 2015
Grew 27198% on revenue, cash halved-plus
approved 2017-06-30; registry 2017-08-05; journal 2017 833022
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 5 STAR AS. Revenue 5 869 NOK → 1.60m NOK (+27198.2%). Equity 56.8k NOK → -84.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 5 STAR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5 869 NOK to 1.60m NOK (+27198.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -54.2k NOK → -141.5k NOK (op. margin -923.9% → -8.8%). Calculated
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↓
Equity eroded
Book equity 56.8k NOK → -84.8k NOK (equity ratio 5.2% → -8.0%). Calculated
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↓
Cash fell
Bank deposits 272.9k NOK → 113.7k NOK (-58.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 25.18× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 37.7k NOK → 176.4k NOK (643% → 11% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 825.7k NOK → 404.9k NOK (-51.0% YoY). Calculated