AC-SUNCARE INSTITUTE AS: årsregnskap 2017 vs 2016
Shrank 84% on revenue, weaker earnings
approved 2018-06-25; registry 2018-06-27; journal 2018 581834
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AC-SUNCARE INSTITUTE AS. Revenue 121.1k NOK → 18.8k NOK (-84.5%). Net result -18.0k NOK → -59.5k NOK. Equity -3.16m NOK → -3.22m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AC-SUNCARE INSTITUTE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 121.1k NOK to 18.8k NOK (-84.5% YoY). Calculated
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↓
Operating result weakened
Operating result +11.8k NOK → -59.0k NOK (op. margin 9.7% → -314.2%). Calculated
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↓
Net result weakened
Net result -18.0k NOK → -59.5k NOK (net margin -14.9% → -316.4%). Calculated
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↓
Equity eroded
Book equity -3.16m NOK → -3.22m NOK (equity ratio -774.5% → -900.4%). Calculated
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↓
Cash fell
Bank deposits 254.6k NOK → 195.4k NOK (-23.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -900.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 57.2k NOK → 23.1k NOK (-59.6% YoY). Calculated