FirmaIQ
Org.nr 962 367 593 2016 → 2017 Year-over-year analysis

AB ELEKTRISK AS: årsregnskap 2017 vs 2016

Shrank 12% on revenue, stronger earnings

approved 2018-09-03; registry 2018-09-08; journal 2018 922671

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AB ELEKTRISK AS. Revenue 6.28m NOK → 5.55m NOK (-11.5%). Net result +2 015 NOK → +31.5k NOK. Equity 1.14m NOK → 8.98m 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. All figures are taken from the published annual accounts for AB ELEKTRISK AS.

At a glance

Scorecard

Revenue
6.28m NOK 5.55m NOK
-11.5%
Operating result
+368.2k NOK +34.7k NOK
-90.6%
Net result
+2 015 NOK +31.5k NOK
+1465.6%
Equity
1.14m NOK 8.98m NOK
+684.2%
Cash
414.0k NOK 216.8k NOK
-47.6%
Total assets
4.19m NOK 3.90m NOK
-6.7%

What improved

  • ↑

    Net result improved

    Net result +2 015 NOK → +31.5k NOK (net margin 0.0% → 0.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.14m NOK → 8.98m NOK (equity ratio 27.3% → 229.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.91m NOK → 2.63m NOK (46% → 47% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.28m NOK to 5.55m NOK (-11.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +368.2k NOK → +34.7k NOK (op. margin 5.9% → 0.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 414.0k NOK → 216.8k NOK (-47.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.83m NOK → 1.71m NOK (-6.8% YoY). Calculated