A2G VIDERE AS: årsregnskap 2017 vs 2016
Stronger earnings
approved 2018-04-23; registry 2018-07-17; journal 2018 703214
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A2G VIDERE AS. Revenue 19.21m NOK → 18.41m NOK (-4.2%). Net result -3.02m NOK → -1.39m NOK. Equity 876.2k NOK → 90.3k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A2G VIDERE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.78m NOK → -1.09m NOK (op. margin -14.5% → -5.9%). Calculated
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Net result improved
Net result -3.02m NOK → -1.39m NOK (net margin -15.7% → -7.5%). Calculated
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Current ratio back above 1×
Current ratio 0.98× → 1.03×. Calculated
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Owners injected capital
Paid-in equity rose 9.18m NOK → 10.78m NOK (+1.60m NOK). Reported fact
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Payroll decreased
Salary cost 11.11m NOK → 9.46m NOK (58% → 51% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.21m NOK to 18.41m NOK (-4.2% YoY). Calculated
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↓
Equity eroded
Book equity 876.2k NOK → 90.3k NOK (equity ratio 7.8% → 1.4%). Calculated
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Cash fell
Bank deposits 11.34m NOK → 11.29m NOK (-0.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 5.29m NOK → 5.24m NOK (-0.9% YoY). Calculated