ACADEMY OF INSPIRATION AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2018-04-26; registry 2018-05-14; journal 2018 316179
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACADEMY OF INSPIRATION AS. Revenue 81.9k NOK → 0 NOK (-100.0%). Net result -71.5k NOK → -147.7k NOK. Equity -24.4k NOK → -172.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACADEMY OF INSPIRATION AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 81.9k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -71.5k NOK → -147.7k NOK. Calculated
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↓
Net result weakened
Net result -71.5k NOK → -147.7k NOK. Calculated
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↓
Equity eroded
Book equity -24.4k NOK → -172.1k NOK (equity ratio -20.7% → -5155.5%). Calculated
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↓
Cash fell
Bank deposits 8 601 NOK → 3 339 NOK (-61.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5155.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation