A OK AS: årsregnskap 2017 vs 2016
Shrank 55% on revenue, slipped into loss, cash halved-plus
approved 2018-08-20; registry 2019-10-17; journal 2019 940371
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A OK AS. Revenue 2.06m NOK → 919.8k NOK (-55.3%). Net result +1.17m NOK → -3.27m NOK. Equity 4.96m NOK → -2.80m NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A OK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.06m NOK to 919.8k NOK (-55.3% YoY). Calculated
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Fell into a net loss
Net result flipped from 1.17m NOK profit to a loss of 3.27m NOK. Calculated
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Equity eroded
Book equity 4.96m NOK → -2.80m NOK (equity ratio 58.4% → -71.3%). Calculated
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Cash fell
Bank deposits 169.3k NOK → 3 353 NOK (-98.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -71.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 11.21m NOK → 10.30m NOK (-8.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.35m NOK → 3 346 NOK. Reported fact