A-CIRCLE AS: årsregnskap 2016 vs 2015
Grew 159185% on revenue, stronger earnings
approved 2017-06-27; registry 2017-07-04; journal 2017 583439
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A-CIRCLE AS. Revenue 4 673 NOK → 7.44m NOK (+159185.3%). Net result +117.4k NOK → +665.8k NOK. Equity 423.1k NOK → 88.9k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for A-CIRCLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 673 NOK to 7.44m NOK (+159185.3% YoY). Calculated
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↑
Net result improved
Net result +117.4k NOK → +665.8k NOK (net margin 2512.1% → 8.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.48× → 1.04×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 423.1k NOK → 88.9k NOK (equity ratio 139.7% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 996.2k NOK → 615.7k NOK (-38.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.94m NOK → 3.34m NOK (63013% → 45% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 1 NOK. Reported fact