A.C.G. AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-23; journal 2018 764673
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A.C.G. AS. Revenue 0 NOK → 3.15m NOK. Net result 0 NOK → +347.7k NOK. Equity 851.8k NOK → 180.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A.C.G. AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 3.15m NOK. Calculated
-
↑
Operating result improved
Operating result 0 NOK → +482.6k NOK. Calculated
-
↑
Net result improved
Net result 0 NOK → +347.7k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 851.8k NOK → 180.2k NOK (equity ratio 100.0% → 7.6%). Calculated
-
↓
Cash fell
Bank deposits 851.8k NOK → 254.7k NOK (-70.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation