A HELGELAND BETONG AS: årsregnskap 2017 vs 2016
Shrank 24% on revenue, slipped into loss
approved 2018-07-31; registry 2018-08-09; journal 2018 887432
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A HELGELAND BETONG AS. Revenue 11.89m NOK → 9.01m NOK (-24.2%). Net result +240.0k NOK → -442.2k NOK. Equity -1.35m NOK → -1.79m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A HELGELAND BETONG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 11 NOK → 11.0k NOK (+99900.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.89m NOK to 9.01m NOK (-24.2% YoY). Calculated
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↓
Operating result weakened
Operating result +381.4k NOK → -288.3k NOK (op. margin 3.2% → -3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 240.0k NOK profit to a loss of 442.2k NOK. Calculated
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↓
Equity eroded
Book equity -1.35m NOK → -1.79m NOK (equity ratio -41.3% → -72.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -72.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 4.38m NOK → 2.66m NOK (-39.4% YoY). Calculated