ACCESS HOLDING AS: årsregnskap 2017 vs 2016
Grew 58909% on revenue, cash halved-plus
approved 2018-06-30; registry 2018-08-02; journal 2018 895990
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCESS HOLDING AS. Revenue 1 551 NOK → 915.2k NOK (+58909.3%). Equity -473.0k NOK → -784.4k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. 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 1 551 NOK to 915.2k NOK (+58909.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 732.4k NOK → 242.3k NOK (47223% → 26% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -473.0k NOK → -784.4k NOK (equity ratio -108.2% → -13401.1%). Calculated
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↓
Cash fell
Bank deposits 19.8k NOK → 1 842 NOK (-90.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13401.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 340.5k NOK → 523.7k NOK (+53.8% YoY). Calculated