ACCESS OSLO AS: årsregnskap 2016 vs 2015
Grew 1379% on revenue, slipped into loss
approved 2017-09-10; registry 2017-09-12; journal 2017 884778
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACCESS OSLO AS. Revenue 50.4k NOK → 745.7k NOK (+1378.9%). Net result +2 015 NOK → -2.19m NOK. Equity -97.1k NOK → -2.29m 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; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCESS OSLO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 50.4k NOK to 745.7k NOK (+1378.9% YoY). Calculated
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↑
Operating result improved
Operating result -87.7k NOK → +663 NOK (op. margin -174.0% → 0.1%). Calculated
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Cash rose
Bank deposits 11.8k NOK → 176.1k NOK (+1397.8% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.73× → 2.48×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 2 015 NOK profit to a loss of 2.19m NOK. Calculated
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↓
Equity eroded
Book equity -97.1k NOK → -2.29m NOK (equity ratio -59.3% → -251.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -251.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 15.9k NOK → 1.26m NOK (32% → 169% of revenue). Calculated
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COGS moved
COGS / varekostnad 3 300 NOK → 157.5k NOK (+4671.4% YoY). Calculated