ACCESS 24/7 AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, cash halved-plus
approved 2018-06-30; registry 2018-08-06; journal 2018 877890
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCESS 24/7 AS. Revenue 1.83m NOK → 1 747 NOK (-99.9%). Equity 471.4k NOK → -94.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS 24/7 AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.83m NOK to 1 747 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 471.4k NOK → -94.9k NOK (equity ratio 10.4% → -2.6%). Calculated
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↓
Cash fell
Bank deposits 528.5k NOK → 108.9k NOK (-79.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 176.1k NOK → 104.5k NOK (-40.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 168.3k NOK → 129.0k NOK. Reported fact