AB SNEKKERN AS: årsregnskap 2017 vs 2016
Grew 29% on revenue, weaker earnings
approved 2018-04-16; registry 2018-08-01; journal 2018 840171
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AB SNEKKERN AS. Revenue 2.24m NOK → 2.88m NOK (+28.7%). Net result +197.4k NOK → +50.1k NOK. Equity 1.67m NOK → 116.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AB SNEKKERN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.24m NOK to 2.88m NOK (+28.7% YoY). Calculated
-
↑
Cash rose
Bank deposits 1.62m NOK → 1.88m NOK (+15.6% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +197.4k NOK → +50.1k NOK (net margin 8.8% → 1.7%). Calculated
-
↓
Equity eroded
Book equity 1.67m NOK → 116.7k NOK (equity ratio 80.6% → 5.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 354.1k NOK → 610.7k NOK (+72.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 5 487 NOK → 19.2k NOK. Reported fact