A2MEDIA AS: årsregnskap 2017 vs 2016
Grew 16% on revenue, weaker earnings
approved 2018-03-02; registry 2018-05-24; journal 2018 345389
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A2MEDIA AS. Revenue 8.13m NOK → 9.42m NOK (+15.8%). Net result +237.7k NOK → +3 110 NOK. Equity 944.7k NOK → 147.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for A2MEDIA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.13m NOK to 9.42m NOK (+15.8% YoY). Calculated
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Operating result improved
Operating result +332.9k NOK → +347.9k NOK (op. margin 4.1% → 3.7%). Calculated
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Cash rose
Bank deposits 2.20m NOK → 3.18m NOK (+44.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +237.7k NOK → +3 110 NOK (net margin 2.9% → 0.0%). Calculated
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↓
Equity eroded
Book equity 944.7k NOK → 147.8k NOK (equity ratio 34.7% → 3.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.29m NOK → 6.83m NOK (77% → 73% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 280.0k NOK → 400 NOK. Reported fact