ACCESS! AS: årsregnskap 2017 vs 2016
Grew 432% on revenue, slipped into loss
approved 2018-06-30; registry 2018-07-09; journal 2018 653610
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCESS! AS. Revenue 76.3k NOK → 405.6k NOK (+431.8%). Net result +36.5k NOK → -1.14m NOK. Equity 193.0k NOK → -950.3k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; 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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↑
Revenue rose
Operating income / revenue moved from 76.3k NOK to 405.6k NOK (+431.8% YoY). Calculated
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↑
Operating result improved
Operating result -116.4k NOK → +45.3k NOK (op. margin -152.6% → 11.2%). Calculated
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↑
Cash rose
Bank deposits 40.5k NOK → 92.5k NOK (+128.2% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 36.5k NOK profit to a loss of 1.14m NOK. Calculated
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↓
Equity eroded
Book equity 193.0k NOK → -950.3k NOK (equity ratio 11.5% → -899.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -899.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.21m NOK → 4 625 NOK. Reported fact