A-EN AS: årsregnskap 2017 vs 2016
Shrank 56% on revenue, stronger earnings, cash halved-plus
approved 2018-05-03; registry 2018-06-21; journal 2018 524536
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A-EN AS. Revenue 27.0k NOK → 12.0k NOK (-55.6%). Net result +101 NOK → +24.3k NOK. Equity -111.4k NOK → -135.7k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A-EN AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +101 NOK → +24.3k NOK (net margin 0.4% → 202.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.0k NOK to 12.0k NOK (-55.6% YoY). Calculated
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↓
Operating result weakened
Operating result +22.6k NOK → -1 690 NOK (op. margin 83.7% → -14.1%). Calculated
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↓
Equity eroded
Book equity -111.4k NOK → -135.7k NOK (equity ratio -25.4% → -31.9%). Calculated
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↓
Cash fell
Bank deposits 26.9k NOK → 12.9k NOK (-52.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation