A GULLIKSEN & SØNN AS: årsregnskap 2017 vs 2016
Shrank 37% on revenue, slipped into loss, cash halved-plus
approved 2018-06-15; registry 2018-06-20; journal 2018 508569
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A GULLIKSEN & SØNN AS. Revenue 5.29m NOK → 3.34m NOK (-36.9%). Net result +101.8k NOK → -93.7k NOK. Equity -22.5k NOK → -116.2k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A GULLIKSEN & SØNN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.29m NOK to 3.34m NOK (-36.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 101.8k NOK profit to a loss of 93.7k NOK. Calculated
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Equity eroded
Book equity -22.5k NOK → -116.2k NOK (equity ratio -1.3% → -7.7%). Calculated
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Cash fell
Bank deposits 116.1k NOK → 32.7k NOK (-71.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.47m NOK → 984.9k NOK (-32.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 68.3k NOK → 36.2k NOK. Reported fact