A-T-O AS: årsregnskap 2017 vs 2016
Weaker earnings
approved 2018-06-23; registry 2018-06-27; journal 2018 573393
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A-T-O AS. Revenue 525.4k NOK → 499.2k NOK (-5.0%). Net result -16.3k NOK → -35.4k NOK. Equity 1 697 NOK → -33.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-T-O AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 98.1k NOK → 144.9k NOK (+47.6% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 525.4k NOK to 499.2k NOK (-5.0% YoY). Calculated
-
↓
Net result weakened
Net result -16.3k NOK → -35.4k NOK (net margin -3.1% → -7.1%). Calculated
-
↓
Equity eroded
Book equity 1 697 NOK → -33.7k NOK (equity ratio 1.2% → -7.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 319.7k NOK → 257.5k NOK (-19.5% YoY). Calculated