A.L. HØYER AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, stronger earnings
approved 2018-03-16; registry 2018-03-20; journal 2018 238289
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A.L. HØYER AS. Revenue 19.97m NOK → 17.65m NOK (-11.6%). Net result +590.0k NOK → +753.4k NOK. Equity 3.10m NOK → 2.86m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A.L. HØYER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +125.0k NOK → +1.00m NOK (op. margin 0.6% → 5.7%). Calculated
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Net result improved
Net result +590.0k NOK → +753.4k NOK (net margin 3.0% → 4.3%). Calculated
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Payroll decreased
Salary cost 10.49m NOK → 2 NOK (53% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 19.97m NOK to 17.65m NOK (-11.6% YoY). Calculated
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Equity eroded
Book equity 3.10m NOK → 2.86m NOK (equity ratio 46.1% → 36.8%). Calculated
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Cash fell
Bank deposits 3.05m NOK → 2.72m NOK (-10.9% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 4.95m NOK → 1.79m NOK (-63.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 6 670 NOK → 33.3k NOK. Reported fact