A.FURULUND ASFALT AS: årsregnskap 2017 vs 2016
Grew 21% on revenue, cash halved-plus
approved 2018-02-28; registry 2018-07-03; journal 2018 600958
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A.FURULUND ASFALT AS. Revenue 6.49m NOK → 7.88m NOK (+21.3%). Net result +759.7k NOK → +883.3k NOK. Equity 1.74m NOK → 123.9k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.FURULUND ASFALT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.49m NOK to 7.88m NOK (+21.3% YoY). Calculated
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↑
Net result improved
Net result +759.7k NOK → +883.3k NOK (net margin 11.7% → 11.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.74m NOK → 123.9k NOK (equity ratio 62.1% → 7.0%). Calculated
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↓
Cash fell
Bank deposits 1.54m NOK → 754.1k NOK (-51.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.01m NOK → 2.30m NOK (31% → 29% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.84m NOK → 2.67m NOK (+44.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 55.9k NOK → 37.7k NOK. Reported fact