A L Høyer Askim AS: årsregnskap 2017 vs 2016
Grew 16% on revenue, weaker earnings
approved 2018-05-25; registry 2018-06-06; journal 2018 409195
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A L Høyer Askim AS. Revenue 8.15m NOK → 9.49m NOK (+16.3%). Net result +634.4k NOK → +330.7k NOK. Equity 8.91m NOK → 945.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A L Høyer Askim AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.15m NOK to 9.49m NOK (+16.3% YoY). Calculated
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↑
Cash rose
Bank deposits 1.27m NOK → 1.94m NOK (+52.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +742.2k NOK → +428.1k NOK (op. margin 9.1% → 4.5%). Calculated
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↓
Net result weakened
Net result +634.4k NOK → +330.7k NOK (net margin 7.8% → 3.5%). Calculated
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↓
Equity eroded
Book equity 8.91m NOK → 945.2k NOK (equity ratio 295.5% → 32.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 6.02m NOK → 7.03m NOK (74% → 74% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 84.9k NOK → 701.9k NOK (+726.3% YoY). Calculated