ABC RENHOLD & SERVICE AS: årsregnskap 2017 vs 2016
Shrank 15% on revenue, slipped into loss
approved 2018-04-20; registry 2018-05-26; journal 2018 353890
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABC RENHOLD & SERVICE AS. Revenue 2.50m NOK → 2.12m NOK (-15.2%). Net result +2 212 NOK → -121.3k NOK. Equity -64.5k NOK → -185.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC RENHOLD & SERVICE AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 25.6k NOK → 27.3k NOK (+6.8% YoY). Calculated
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Payroll decreased
Salary cost 1.38m NOK → 1.10m NOK (55% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.50m NOK to 2.12m NOK (-15.2% YoY). Calculated
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↓
Operating result weakened
Operating result +10.2k NOK → -111.5k NOK (op. margin 0.4% → -5.3%). Calculated
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Fell into a net loss
Net result flipped from 2 212 NOK profit to a loss of 121.3k NOK. Calculated
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Equity eroded
Book equity -64.5k NOK → -185.8k NOK (equity ratio -13.7% → -104.6%). Calculated
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↓
COGS moved
COGS / varekostnad 598.9k NOK → 738.1k NOK (+23.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -104.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation