A O GREVSTAD EIENDOMSDRIFT AS: årsregnskap 2017 vs 2016
Grew 107565% on revenue, slipped into loss
approved 2018-06-30; registry 2018-07-17; journal 2018 702796
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A O GREVSTAD EIENDOMSDRIFT AS. Revenue 3 473 NOK → 3.74m NOK (+107565.2%). Net result +58.5k NOK → -47.1k NOK. Equity 4.10m NOK → 55.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3 473 NOK to 3.74m NOK (+107565.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +79.1k NOK → -34.3k NOK (op. margin 2278.6% → -0.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 58.5k NOK profit to a loss of 47.1k NOK. Calculated
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↓
Equity eroded
Book equity 4.10m NOK → 55.8k NOK (equity ratio 234.9% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 203.4k NOK → 171.2k NOK (-15.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1003.67× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 936 NOK → 2.49m NOK (56% → 67% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 463.1k NOK → 506.4k NOK (+9.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.9k NOK → 7 222 NOK. Reported fact