A.S.K PROSJEKT AS: årsregnskap 2017 vs 2016
Grew 172% on revenue, slipped into loss, cash halved-plus
approved 2018-04-11; registry 2018-04-18; journal 2018 269536
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A.S.K PROSJEKT AS. Revenue 161.9k NOK → 441.1k NOK (+172.5%). Net result +34.2k NOK → -73.3k NOK. Equity 36.0k NOK → -37.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A.S.K PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 161.9k NOK to 441.1k NOK (+172.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 13.1k NOK → 10 NOK (8% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +40.0k NOK → -73.2k NOK (op. margin 24.7% → -16.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 34.2k NOK profit to a loss of 73.3k NOK. Calculated
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↓
Equity eroded
Book equity 36.0k NOK → -37.2k NOK (equity ratio 38.5% → -492.6%). Calculated
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↓
Cash fell
Bank deposits 19.5k NOK → 4 171 NOK (-78.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.63× → 0.17× — 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 -492.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 18.7k NOK → 207.7k NOK (+1013.4% YoY). Calculated