ACAX DEVELOPMENT AS: årsregnskap 2016 vs 2015
Shrank 69% on revenue, returned to profit, cash halved-plus
approved 2017-03-31; registry 2017-07-31; journal 2017 793300
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACAX DEVELOPMENT AS. Revenue 325.2k NOK → 101.4k NOK (-68.8%). Net result -11.0k NOK → +11.2k NOK. Equity 358 NOK → 11.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACAX DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -8 933 NOK → +12.5k NOK (op. margin -2.7% → 12.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 11.0k NOK to a profit of 11.2k NOK. Calculated
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↑
Equity strengthened
Book equity 358 NOK → 11.6k NOK (equity ratio 0.4% → 29.1%). Calculated
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Payroll decreased
Salary cost 183.3k NOK → 1 183 NOK (56% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 325.2k NOK to 101.4k NOK (-68.8% YoY). Calculated
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↓
Cash fell
Bank deposits 77.1k NOK → 16.9k NOK (-78.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 17.4k NOK → 5 862 NOK (-66.3% YoY). Calculated