A BRANDTH AS: årsregnskap 2017 vs 2016
Shrank 17% on revenue, stronger earnings
approved 2018-06-29; registry 2018-08-13; journal 2018 908190
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A BRANDTH AS. Revenue 22.24m NOK → 18.42m NOK (-17.2%). Net result +1.64m NOK → +4.93m NOK. Equity 6.14m NOK → 2.41m NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for A BRANDTH AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1.64m NOK → +4.93m NOK (net margin 7.4% → 26.8%). Calculated
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Cash rose
Bank deposits 1.59m NOK → 3.76m NOK (+137.1% YoY). Calculated
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Payroll decreased
Salary cost 3.47m NOK → 2.79m NOK (16% → 15% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 22.24m NOK to 18.42m NOK (-17.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.49m NOK → +787.7k NOK (op. margin 6.7% → 4.3%). Calculated
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Equity eroded
Book equity 6.14m NOK → 2.41m NOK (equity ratio 48.2% → 25.6%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 76.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 15.14m NOK → 13.03m NOK (-13.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 853.0k NOK → 36.7k NOK. Reported fact