ABC TRAFIKKSKOLE AS: årsregnskap 2017 vs 2016
Grew 7% on revenue, weaker earnings
approved 2018-06-21; registry 2018-07-03; journal 2018 607228
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABC TRAFIKKSKOLE AS. Revenue 5.14m NOK → 5.51m NOK (+7.2%). Net result +325.24m NOK → +129.4k NOK. Equity 339.9k NOK → 369.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABC TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.14m NOK to 5.51m NOK (+7.2% YoY). Calculated
-
↑
Equity strengthened
Book equity 339.9k NOK → 369.3k NOK (equity ratio 12.1% → 9.1%). Calculated
-
↑
Cash rose
Bank deposits 199.6k NOK → 295.6k NOK (+48.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +527.23m NOK → +341.4k NOK (op. margin 10255.9% → 6.2%). Calculated
-
↓
Net result weakened
Net result +325.24m NOK → +129.4k NOK (net margin 6326.8% → 2.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.49m NOK → 3.02m NOK (48% → 55% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 208.1k NOK → 196.1k NOK (-5.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 11.5k NOK → 140.1k NOK. Reported fact