ACCESS! AS: årsregnskap 2016 vs 2015
Shrank 91% on revenue, returned to profit
approved 2017-03-14; registry 2017-08-09; journal 2017 863406
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACCESS! AS. Revenue 858.1k NOK → 76.3k NOK (-91.1%). Net result -113.4k NOK → +36.5k NOK. Equity 1.23m NOK → 193.0k NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 113.4k NOK to a profit of 36.5k NOK. Calculated
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↑
Cash rose
Bank deposits 34.4k NOK → 40.5k NOK (+17.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.31m NOK → 6 491 NOK (153% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 858.1k NOK to 76.3k NOK (-91.1% YoY). Calculated
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↓
Operating result weakened
Operating result -72.4k NOK → -116.4k NOK (op. margin -8.4% → -152.6%). Calculated
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↓
Equity eroded
Book equity 1.23m NOK → 193.0k NOK (equity ratio 52.0% → 11.5%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.06m NOK → 1.21m NOK. Reported fact