A-VARER AS: årsregnskap 2017 vs 2016
Grew 725% on revenue, returned to profit
approved 2018-06-16; registry 2018-08-02; journal 2018 855565
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A-VARER AS. Revenue 115.8k NOK → 954.9k NOK (+724.9%). Net result -127.5k NOK → +36.5k NOK. Equity 268.6k NOK → 305.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A-VARER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 115.8k NOK to 954.9k NOK (+724.9% YoY). Calculated
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Operating result improved
Operating result -131.5k NOK → +33.1k NOK (op. margin -113.6% → 3.5%). Calculated
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Turned profitable
Net result flipped from a loss of 127.5k NOK to a profit of 36.5k NOK. Calculated
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Equity strengthened
Book equity 268.6k NOK → 305.1k NOK (equity ratio 28.5% → 32.2%). Calculated
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Payroll decreased
Salary cost 389.4k NOK → 94.0k NOK (336% → 10% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 363.2k NOK → 296.2k NOK (-18.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 878.1k NOK → 672.2k NOK (-23.4% YoY). Calculated