A. ØRSTAVIK AS: årsregnskap 2017 vs 2016
Shrank 42% on revenue, returned to profit
approved 2018-05-22; registry 2018-05-31; journal 2018 382088
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A. ØRSTAVIK AS. Revenue 975.6k NOK → 564.5k NOK (-42.1%). Net result -251.0k NOK → +180.1k NOK. Equity 44.0k NOK → -136.1k NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. ØRSTAVIK AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 251.0k NOK to a profit of 180.1k NOK. Calculated
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Cash rose
Bank deposits 64.9k NOK → 96.9k NOK (+49.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 975.6k NOK to 564.5k NOK (-42.1% YoY). Calculated
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↓
Equity eroded
Book equity 44.0k NOK → -136.1k NOK (equity ratio 0.0% → -26.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 1.09m NOK → 1.63m NOK (+49.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation