A MIDDELTHON AS: årsregnskap 2017 vs 2016
Grew 10% on revenue, cash halved-plus
approved 2018-05-16; registry 2018-06-20; journal 2018 483594
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A MIDDELTHON AS. Revenue 2.14m NOK → 2.35m NOK (+9.8%). Net result +840.8k NOK → +841.0k NOK. Equity 6.50m NOK → 6.41m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for A MIDDELTHON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.14m NOK to 2.35m NOK (+9.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.30m NOK → +1.22m NOK (op. margin 60.5% → 51.9%). Calculated
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↓
Equity eroded
Book equity 6.50m NOK → 6.41m NOK (equity ratio 57.3% → 75.7%). Calculated
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↓
Cash fell
Bank deposits 1.22m NOK → 424.0k NOK (-65.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 20.02× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.22m NOK → 424.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 64.7k NOK → 7 134 NOK (-89.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.98m NOK → 2.95m NOK. Reported fact