A-VET SMÅDYRKLINIKK AS: årsregnskap 2017 vs 2016
Grew 28% on revenue, stronger earnings
approved 2018-05-16; registry 2018-05-29; journal 2018 366136
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A-VET SMÅDYRKLINIKK AS. Revenue 6.07m NOK → 7.74m NOK (+27.6%). Net result +532.7k NOK → +692.2k NOK. Equity 8.60m NOK → 605.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.07m NOK to 7.74m NOK (+27.6% YoY). Calculated
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Operating result improved
Operating result +597.3k NOK → +855.8k NOK (op. margin 9.8% → 11.1%). Calculated
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Net result improved
Net result +532.7k NOK → +692.2k NOK (net margin 8.8% → 8.9%). Calculated
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Cash rose
Bank deposits 84.5k NOK → 475.8k NOK (+463.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 654.45×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 8.60m NOK → 605.0k NOK (equity ratio 509.5% → 17.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.97m NOK → 3.01m NOK (33% → 39% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.94m NOK → 1.93m NOK (-0.6% YoY). Calculated