AB HAGE & GRAVESERVICE AS: årsregnskap 2017 vs 2016
Shrank 26% on revenue, stronger earnings, cash halved-plus
approved 2018-04-30; registry 2018-05-14; journal 2018 315693
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AB HAGE & GRAVESERVICE AS. Revenue 3.92m NOK → 2.91m NOK (-25.7%). Net result +182.6k NOK → +685.7k NOK. Equity -49.8k NOK → -735.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB HAGE & GRAVESERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +172.3k NOK → +672.1k NOK (op. margin 4.4% → 23.1%). Calculated
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Net result improved
Net result +182.6k NOK → +685.7k NOK (net margin 4.7% → 23.6%). Calculated
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Payroll decreased
Salary cost 1.39m NOK → 1.16m NOK (36% → 40% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.92m NOK to 2.91m NOK (-25.7% YoY). Calculated
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Equity eroded
Book equity -49.8k NOK → -735.5k NOK (equity ratio -6.2% → -117.6%). Calculated
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Cash fell
Bank deposits 370.9k NOK → -51.0k NOK (-113.8% YoY). Calculated
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COGS moved
COGS / varekostnad 616.0k NOK → 621.5k NOK (+0.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -117.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation