A O GREVSTAD EIENDOM AS: årsregnskap 2017 vs 2016
Shrank 10% on revenue, stronger earnings, cash halved-plus
approved 2018-07-09; registry 2018-07-18; journal 2018 716038
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A O GREVSTAD EIENDOM AS. Revenue 15.40m NOK → 13.91m NOK (-9.6%). Net result -1.97m NOK → -900.6k NOK. Equity 6.60m NOK → 5.70m NOK.
On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -1.97m NOK → -900.6k NOK (net margin -12.8% → -6.5%). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 1.45×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 15.40m NOK to 13.91m NOK (-9.6% YoY). Calculated
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Equity eroded
Book equity 6.60m NOK → 5.70m NOK (equity ratio 5.2% → 4.8%). Calculated
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Cash fell
Bank deposits 4.51m NOK → 1.65m NOK (-63.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.51m NOK → 1.65m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 1.96m NOK → 1.44m NOK (-26.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 38.31m NOK → 10 NOK. Reported fact