A&B ELEKTRO INSTALLASJON AS: årsregnskap 2016 vs 2015
Shrank 62% on revenue, weaker earnings
approved 2017-06-30; registry 2017-08-08; journal 2017 853859
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A&B ELEKTRO INSTALLASJON AS. Revenue 32.7k NOK → 12.5k NOK (-61.8%). Net result -2 213 NOK → -34.2k NOK. Equity 30.5k NOK → -3 629 NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A&B ELEKTRO INSTALLASJON AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 32.7k NOK to 12.5k NOK (-61.8% YoY). Calculated
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↓
Net result weakened
Net result -2 213 NOK → -34.2k NOK (net margin -6.8% → -273.7%). Calculated
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↓
Equity eroded
Book equity 30.5k NOK → -3 629 NOK (equity ratio 66.6% → -17.6%). Calculated
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↓
Cash fell
Bank deposits 30.1k NOK → 16.5k NOK (-45.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.99× → 0.85× — 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 -17.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 21.7k NOK → 15.5k NOK (-28.7% YoY). Calculated