A3 RESSURS HOLDING AS: årsregnskap 2017 vs 2016
Shrank 36% on revenue, stronger earnings, cash halved-plus
approved 2018-06-12; registry 2018-06-27; journal 2018 570566
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A3 RESSURS HOLDING AS. Revenue 20.56m NOK → 13.13m NOK (-36.1%). Net result +695.3k NOK → +925.4k NOK. Equity 2.60m NOK → 4.53m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A3 RESSURS HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +695.3k NOK → +925.4k NOK (net margin 3.4% → 7.0%). Calculated
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Equity strengthened
Book equity 2.60m NOK → 4.53m NOK (equity ratio 22.3% → 34.3%). Calculated
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Payroll decreased
Salary cost 12.15m NOK → 5.95m NOK (59% → 45% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 20.56m NOK to 13.13m NOK (-36.1% YoY). Calculated
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Operating result weakened
Operating result +930.7k NOK → +90.3k NOK (op. margin 4.5% → 0.7%). Calculated
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Cash fell
Bank deposits 574.9k NOK → 1 574 NOK (-99.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.10× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.66m NOK → 428.2k NOK (-83.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 181.8k NOK → 526.8k NOK. Reported fact