A BYGG ENTREPRENØR AS: årsregnskap 2017 vs 2016
Grew 258784% on revenue, cash halved-plus
approved 2018-06-26; registry 2018-08-01; journal 2018 839359
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A BYGG ENTREPRENØR AS. Revenue 148.4k NOK → 384.16m NOK (+258784.4%). Equity 27.60m NOK → -31.85m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for A BYGG ENTREPRENØR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 148.4k NOK to 384.16m NOK (+258784.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +120 NOK → -28.81m NOK (op. margin 0.1% → -7.5%). Calculated
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↓
Equity eroded
Book equity 27.60m NOK → -31.85m NOK (equity ratio 20.7% → -24.0%). Calculated
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↓
Cash fell
Bank deposits 36.85m NOK → 3.18m NOK (-91.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.71× — 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 -24.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (36.85m NOK → 3.18m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 30.67m NOK → 40.40m NOK (20668% → 11% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 399.68m NOK → 352.37m NOK (-11.8% YoY). Calculated