A/S Hovinveien 7 og 9: årsregnskap 2017 vs 2016
Grew 93751% on revenue, slipped into loss
approved 2018-04-30; registry 2018-06-27; journal 2018 574589
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A/S Hovinveien 7 og 9. Revenue 1 597 NOK → 1.50m NOK (+93751.0%). Net result +76.9k NOK → -53.1k NOK. Equity -538.1k NOK → -591.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 597 NOK to 1.50m NOK (+93751.0% YoY). Calculated
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↑
Cash rose
Bank deposits 708.9k NOK → 740.9k NOK (+4.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +276.7k NOK → +138.5k NOK (op. margin 17324.1% → 9.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 76.9k NOK profit to a loss of 53.1k NOK. Calculated
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↓
Equity eroded
Book equity -538.1k NOK → -591.2k NOK (equity ratio -10.6% → -12.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation