A9 TEKNISKE NORGE AS: årsregnskap 2017 vs 2016
Shrank 19% on revenue, cash halved-plus
approved 2018-06-30; registry 2018-07-31; journal 2018 833219
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A9 TEKNISKE NORGE AS. Revenue 6.40m NOK → 5.19m NOK (-19.0%). Equity 1.52m NOK → 1.12m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A9 TEKNISKE NORGE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.40m NOK to 5.19m NOK (-19.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.52m NOK → 1.12m NOK (equity ratio 50.6% → 43.7%). Calculated
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↓
Cash fell
Bank deposits 583.3k NOK → 102.1k NOK (-82.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.43m NOK → 7.46m NOK (22% → 144% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.75m NOK → 2.35m NOK (-37.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 151.0k NOK. Reported fact