AC CARS NORDIC AS: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-03-22; registry 2018-03-26; journal 2018 247642
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AC CARS NORDIC AS. Revenue 0 NOK → 7 092 NOK. Net result -364.3k NOK → +381.3k NOK. Equity -379.2k NOK → 2 103 NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AC CARS NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 7 092 NOK. Calculated
-
↑
Turned profitable
Net result flipped from a loss of 364.3k NOK to a profit of 381.3k NOK. Calculated
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↑
Equity strengthened
Book equity -379.2k NOK → 2 103 NOK (equity ratio -5.6% → 13.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 89.5k NOK → 16.0k NOK (-82.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 12.55× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 68 NOK → 6 663 NOK (+9698.5% YoY). Calculated