A.C.E FASHIONSTORE AS: årsregnskap 2017 vs 2016
Grew 22% on revenue, slipped into loss
approved 2018-05-30; registry 2018-06-18; journal 2018 494692
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A.C.E FASHIONSTORE AS. Revenue 4.32m NOK → 5.29m NOK (+22.5%). Net result +60.8k NOK → -334.5k NOK. Equity 12.41m NOK → 15.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.C.E FASHIONSTORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.32m NOK to 5.29m NOK (+22.5% YoY). Calculated
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↑
Cash rose
Bank deposits 4 000 NOK → 46.9k NOK (+1073.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +186.1k NOK → -239.3k NOK (op. margin 4.3% → -4.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 60.8k NOK profit to a loss of 334.5k NOK. Calculated
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↓
Equity eroded
Book equity 12.41m NOK → 15.8k NOK (equity ratio 607.3% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 560.4k NOK → 904.7k NOK (13% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.68m NOK → 3.77m NOK (+40.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4 000 NOK → 1 000 NOK. Reported fact