A-T-O AS: årsregnskap 2016 vs 2015
Another loss-making year
approved 2017-06-25; registry 2017-06-27; journal 2017 546722
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A-T-O AS. Revenue 0 NOK → 525.4k NOK. Net result -9 348 NOK → -16.3k NOK. Equity 18.0k NOK → 1 697 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A-T-O AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 525.4k NOK. Calculated
-
↑
Cash rose
Bank deposits 18.6k NOK → 98.1k NOK (+428.4% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result -9 348 NOK → -16.3k NOK. Calculated
-
↓
Equity eroded
Book equity 18.0k NOK → 1 697 NOK (equity ratio 58.0% → 1.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 34 NOK → 319.7k NOK (+940338.2% YoY). Calculated