A COSTA SAKS AS: årsregnskap 2017 vs 2016
Shrank 6% on revenue
approved 2018-03-12; registry 2018-04-21; journal 2018 275122
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A COSTA SAKS AS. Revenue 2.40m NOK → 2.26m NOK (-5.6%). Equity 28.3k NOK → 8 341 NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A COSTA SAKS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 182.9k NOK → 197.3k NOK (+7.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.51m NOK → 1.38m NOK (63% → 61% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.40m NOK to 2.26m NOK (-5.6% YoY). Calculated
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↓
Equity eroded
Book equity 28.3k NOK → 8 341 NOK (equity ratio 8.0% → 2.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 331.2k NOK → 276.3k NOK (-16.6% YoY). Calculated