A. WAAG & CO. AS: årsregnskap 2017 vs 2016
Grew 12% on revenue, stronger earnings
approved 2018-04-27; registry 2018-05-12; journal 2018 311180
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A. WAAG & CO. AS. Revenue 5.14m NOK → 5.77m NOK (+12.2%). Net result +391.1k NOK → +605.5k NOK. Equity 276.3k NOK → 331.8k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A. WAAG & CO. AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.14m NOK to 5.77m NOK (+12.2% YoY). Calculated
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↑
Net result improved
Net result +391.1k NOK → +605.5k NOK (net margin 7.6% → 10.5%). Calculated
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↑
Equity strengthened
Book equity 276.3k NOK → 331.8k NOK (equity ratio 14.0% → 10.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 967.1k NOK → 761.8k NOK (-21.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.12m NOK → 3.13m NOK (61% → 54% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 819.5k NOK → 205.9k NOK (-74.9% YoY). Calculated