ACCESS LÅSSPESIALISTEN AS: årsregnskap 2017 vs 2016
Shrank 10% on revenue, returned to profit, cash halved-plus
approved 2018-11-11; registry 2018-11-13; journal 2018 933548
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCESS LÅSSPESIALISTEN AS. Revenue 17.31m NOK → 15.51m NOK (-10.4%). Net result -347.7k NOK → +816.7k NOK. Equity 1.25m NOK → 432.9k NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS LÅSSPESIALISTEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +351 NOK → +785 NOK (op. margin 0.0% → 0.0%). Calculated
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Turned profitable
Net result flipped from a loss of 347.7k NOK to a profit of 816.7k NOK. Calculated
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Payroll decreased
Salary cost 7.42m NOK → 6.85m NOK (43% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.31m NOK to 15.51m NOK (-10.4% YoY). Calculated
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↓
Equity eroded
Book equity 1.25m NOK → 432.9k NOK (equity ratio 22.6% → 9.9%). Calculated
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↓
Cash fell
Bank deposits 629.7k NOK → 192.8k NOK (-69.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.82× → 0.10× — 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 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 5.96m NOK → 5.10m NOK (-14.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 126.3k NOK → 119.3k NOK. Reported fact