Org.nr 971 067 349 2015 → 2016 Year-over-year analysis

A.C.E FASHIONSTORE AS: årsregnskap 2016 vs 2015

Shrank 18% on revenue, cash halved-plus

approved 2017-05-05; registry 2017-06-15; journal 2017 454383

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for A.C.E FASHIONSTORE AS. Revenue 5.28m NOK → 4.32m NOK (-18.2%). Equity 349.5k NOK → 12.41m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.C.E FASHIONSTORE AS.

At a glance

Revenue

5.28m NOK 4.32m NOK

-18.2%

Operating result

n/m +186.1k NOK

—

Net result

n/m +60.8k NOK

—

Equity

349.5k NOK 12.41m NOK

+3451.2%

Cash

33.8k NOK 4 000 NOK

-88.2%

Total assets

2.19m NOK 2.04m NOK

-6.7%

↑
Equity strengthened

Book equity 349.5k NOK → 12.41m NOK (equity ratio 16.0% → 607.3%). Calculated
↑
Payroll decreased

Salary cost 2.79m NOK → 560.4k NOK (53% → 13% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.28m NOK to 4.32m NOK (-18.2% YoY). Calculated
↓
Cash fell

Bank deposits 33.8k NOK → 4 000 NOK (-88.2% YoY). Calculated