AB TRAFIKKSENTER AS: årsregnskap 2017 vs 2016
Weaker earnings
approved 2018-07-16; registry 2018-07-25; journal 2018 785707
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AB TRAFIKKSENTER AS. Revenue 5.59m NOK → 5.34m NOK (-4.5%). Net result +159.0k NOK → +24.2k NOK. Equity -2.00m NOK → -1.58m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AB TRAFIKKSENTER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -2.00m NOK → -1.58m NOK (equity ratio -143.4% → -275.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.59m NOK to 5.34m NOK (-4.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +296.7k NOK → +97.9k NOK (op. margin 5.3% → 1.8%). Calculated
-
↓
Net result weakened
Net result +159.0k NOK → +24.2k NOK (net margin 2.8% → 0.5%). Calculated
-
↓
Cash fell
Bank deposits 245.3k NOK → 168.9k NOK (-31.1% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.33m NOK → 2.52m NOK (42% → 47% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -275.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 120.0k NOK → 105.5k NOK (-12.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 81.9k NOK → 83.8k NOK. Reported fact