ACCESS HOLDING AS: årsregnskap 2016 vs 2015
Grew 13% on revenue, cash halved-plus
approved 2017-06-30; registry 2017-07-17; journal 2017 721162
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACCESS HOLDING AS. Revenue 1 375 NOK → 1 551 NOK (+12.8%). Net result +2 015 NOK → +2 016 NOK. Equity -166.9k NOK → -473.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACCESS HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 375 NOK to 1 551 NOK (+12.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +17.1k NOK → -302.4k NOK (op. margin 1241.6% → -19497.6%). Calculated
-
↓
Equity eroded
Book equity -166.9k NOK → -473.0k NOK (equity ratio -30.6% → -108.2%). Calculated
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↓
Cash fell
Bank deposits 80.0k NOK → 19.8k NOK (-75.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -108.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 248.2k NOK → 732.4k NOK (18049% → 47223% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 400.4k NOK → 340.5k NOK (-15.0% YoY). Calculated