A BRAND AS: årsregnskap 2017 vs 2016
Grew 189% on revenue, slipped into loss
approved 2018-04-30; registry 2018-05-17; journal 2018 327032
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A BRAND AS. Revenue 588.7k NOK → 1.70m NOK (+188.9%). Net result +341.7k NOK → -944.5k NOK. Equity 375.0k NOK → -569.5k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A BRAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 588.7k NOK to 1.70m NOK (+188.9% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 341.7k NOK profit to a loss of 944.5k NOK. Calculated
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↓
Equity eroded
Book equity 375.0k NOK → -569.5k NOK (equity ratio 48.9% → -552.5%). Calculated
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↓
Cash fell
Bank deposits 356.9k NOK → 210.6k NOK (-41.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -552.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 164.9k NOK → 130.6k NOK (-20.8% YoY). Calculated