A C HVOSLEF AS: årsregnskap 2016 vs 2015
Shrank 77% on revenue, cash halved-plus
approved 2017-04-20; registry 2017-04-26; journal 2017 295462
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A C HVOSLEF AS. Revenue 1.63m NOK → 368.8k NOK (-77.4%). Equity 247.2k NOK → -45.0k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A C HVOSLEF AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.63m NOK to 368.8k NOK (-77.4% YoY). Calculated
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↓
Equity eroded
Book equity 247.2k NOK → -45.0k NOK (equity ratio 51.0% → -35.2%). Calculated
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Cash fell
Bank deposits 295.1k NOK → 27.8k NOK (-90.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.62× → 0.16× — 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 -35.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation