A-PLAST AS: årsregnskap 2017 vs 2016
Shrank 11% on revenue, cash halved-plus
approved 2018-06-30; registry 2018-07-25; journal 2018 782673
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A-PLAST AS. Revenue 14.61m NOK → 12.96m NOK (-11.3%). Equity 274.3k NOK → 71 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A-PLAST AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.87m NOK → 3.66m NOK (26% → 28% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.61m NOK to 12.96m NOK (-11.3% YoY). Calculated
-
↓
Equity eroded
Book equity 274.3k NOK → 71 NOK (equity ratio 7.1% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 234.0k NOK → 112.4k NOK (-51.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 6.40m NOK → 7.03m NOK (+9.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation