A M HANSEN MASKINERING AS: årsregnskap 2017 vs 2016
Returned to profit
approved 2018-05-29; registry 2018-06-28; journal 2018 578614
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A M HANSEN MASKINERING AS. Revenue 4.63m NOK → 4.68m NOK (+1.1%). Net result -152.8k NOK → +124.5k NOK. Equity 920.7k NOK → 45.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A M HANSEN MASKINERING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.63m NOK to 4.68m NOK (+1.1% YoY). Calculated
-
↑
Operating result improved
Operating result -205.6k NOK → +128.0k NOK (op. margin -4.4% → 2.7%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 152.8k NOK to a profit of 124.5k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 920.7k NOK → 45.2k NOK (equity ratio 58.9% → 2.7%). Calculated
-
↓
Cash fell
Bank deposits 413.9k NOK → 337.2k NOK (-18.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.60× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 NOK → 13.78m NOK (0% → 295% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 1.42m NOK → 372.2k NOK (-73.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 61.5k NOK → 126.5k NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 3 → 2. Reported fact