A/S Rep-Rek: årsregnskap 2017 vs 2016
Grew 6% on revenue, stronger earnings
approved 2018-04-17; registry 2018-06-19; journal 2018 500519
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A/S Rep-Rek. Revenue 9.69m NOK → 10.24m NOK (+5.7%). Net result +317.6k NOK → +10.47m NOK. Equity 627.7k NOK → 10 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.69m NOK to 10.24m NOK (+5.7% YoY). Calculated
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↑
Operating result improved
Operating result +571.2k NOK → +744.9k NOK (op. margin 5.9% → 7.3%). Calculated
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↑
Net result improved
Net result +317.6k NOK → +10.47m NOK (net margin 3.3% → 102.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 627.7k NOK → 10 NOK (equity ratio 16.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 686.3k NOK → 559.6k NOK (-18.5% 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
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·
Payroll increased
Salary cost 3.19m NOK → 3.80m NOK (33% → 37% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.47m NOK → 2.51m NOK (+1.5% YoY). Calculated