AB SERVICE AS: årsregnskap 2017 vs 2016
Shrank 11% on revenue, weaker earnings
approved 2018-06-30; registry 2018-07-26; journal 2018 792889
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AB SERVICE AS. Revenue 6.63m NOK → 5.89m NOK (-11.1%). Net result +713.4k NOK → +423.6k NOK. Equity 3.29m NOK → 3.72m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AB SERVICE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.29m NOK → 3.72m NOK (equity ratio 33.6% → 38.3%). Calculated
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↑
Cash rose
Bank deposits 390.8k NOK → 712.5k NOK (+82.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.63m NOK to 5.89m NOK (-11.1% YoY). Calculated
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↓
Operating result weakened
Operating result +1.14m NOK → +765.9k NOK (op. margin 17.2% → 13.0%). Calculated
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↓
Net result weakened
Net result +713.4k NOK → +423.6k NOK (net margin 10.8% → 7.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.38m NOK → 2.64m NOK (36% → 45% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 443.2k NOK → 1.04m NOK (+135.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 54.7k NOK → 46.6k NOK. Reported fact