AC-MARINE AS: årsregnskap 2016 vs 2015
Grew 93% on revenue
approved 2017-05-08; registry 2017-07-29; journal 2017 776770
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AC-MARINE AS. Revenue 1.63m NOK → 3.14m NOK (+92.8%). Equity 781.7k NOK → 95.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AC-MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.63m NOK to 3.14m NOK (+92.8% YoY). Calculated
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↑
Cash rose
Bank deposits 119.4k NOK → 408.7k NOK (+242.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 781.7k NOK → 95.6k NOK (equity ratio 37.8% → 1.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 772.1k NOK → 863.5k NOK (47% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 36.0k NOK → 107.3k NOK (+197.8% YoY). Calculated