ACCESS EVENT AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, returned to profit
approved 2018-06-30; registry 2019-08-10; journal 2019 913674
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCESS EVENT AS. Revenue 359.1k NOK → 1 788 NOK (-99.5%). Net result -398.0k NOK → +110.0k NOK. Equity 1.16m NOK → 1.27m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACCESS EVENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -398.0k NOK → +111.6k NOK (op. margin -110.8% → 6243.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 398.0k NOK to a profit of 110.0k NOK. Calculated
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↑
Equity strengthened
Book equity 1.16m NOK → 1.27m NOK (equity ratio 15.4% → 2.1%). Calculated
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↑
Cash rose
Bank deposits 513.6k NOK → 13.94m NOK (+2613.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 359.1k NOK to 1 788 NOK (-99.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 362.5k NOK → 62.7k NOK (-82.7% YoY). Calculated