AB PROFILERING AS: årsregnskap 2017 vs 2016
Shrank 66% on revenue, stronger earnings
approved 2018-06-15; registry 2018-07-16; journal 2018 711012
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AB PROFILERING AS. Revenue 777.1k NOK → 264.9k NOK (-65.9%). Net result +4 NOK → +153.4k NOK. Equity -87.6k NOK → -240.9k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +3 NOK → +184.1k NOK (op. margin 0.0% → 69.5%). Calculated
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Net result improved
Net result +4 NOK → +153.4k NOK (net margin 0.0% → 57.9%). Calculated
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Cash rose
Bank deposits 405.0k NOK → 682.4k NOK (+68.5% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 777.1k NOK to 264.9k NOK (-65.9% YoY). Calculated
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↓
Equity eroded
Book equity -87.6k NOK → -240.9k NOK (equity ratio -2.0% → -5.5%). Calculated
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Payroll up without matching revenue
Salary cost 1 054 NOK → 7 154 NOK (0% → 3% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.37m NOK → 717.6k NOK (-47.4% YoY). Calculated