A'VERA AS: årsregnskap 2016 vs 2015
Shrank 14% on revenue, slipped into loss
approved 2017-02-10; registry 2017-02-16; journal 2017 208640
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A'VERA AS. Revenue 7.19m NOK → 6.19m NOK (-13.8%). Net result +2 195 NOK → -162.0k NOK. Equity 227.5k NOK → 65.5k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A'VERA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 284.4k NOK → 324.0k NOK (+13.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.00×. Calculated
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↑
Payroll decreased
Salary cost 3.17m NOK → 3.11m NOK (44% → 50% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.19m NOK to 6.19m NOK (-13.8% YoY). Calculated
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↓
Operating result weakened
Operating result +3 832 NOK → -212.0k NOK (op. margin 0.1% → -3.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 2 195 NOK profit to a loss of 162.0k NOK. Calculated
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↓
Equity eroded
Book equity 227.5k NOK → 65.5k NOK (equity ratio 19492.7% → 3.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 5.67m NOK → 4.23m NOK (-25.4% YoY). Calculated