A.I VARMEPUMPER AS: årsregnskap 2017 vs 2016
Grew 30% on revenue, slipped into loss
approved 2018-02-28; registry 2018-03-06; journal 2018 221825
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A.I VARMEPUMPER AS. Revenue 4.20m NOK → 5.44m NOK (+29.7%). Net result +39.6k NOK → -28.4k NOK. Equity 451.3k NOK → 372.8k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A.I VARMEPUMPER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.20m NOK to 5.44m NOK (+29.7% YoY). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 39.6k NOK profit to a loss of 28.4k NOK. Calculated
-
↓
Equity eroded
Book equity 451.3k NOK → 372.8k NOK (equity ratio 37.9% → 21.1%). Calculated
-
↓
Cash fell
Bank deposits 68.1k NOK → 41.6k NOK (-38.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.63× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 844.2k NOK → 956.7k NOK (20% → 18% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2.63m NOK → 3.62m NOK (+37.7% YoY). Calculated