ACCESS OSLO AS: årsregnskap 2017 vs 2016
Shrank 32% on revenue, returned to profit, cash halved-plus
approved 2018-09-04; registry 2018-09-13; journal 2018 923731
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCESS OSLO AS. Revenue 745.7k NOK → 505.1k NOK (-32.3%). Net result -2.19m NOK → +3.13m NOK. Equity -2.29m NOK → -5.41m NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS OSLO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +663 NOK → +3 075 NOK (op. margin 0.1% → 0.6%). Calculated
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Turned profitable
Net result flipped from a loss of 2.19m NOK to a profit of 3.13m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 745.7k NOK to 505.1k NOK (-32.3% YoY). Calculated
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↓
Equity eroded
Book equity -2.29m NOK → -5.41m NOK (equity ratio -251.7% → -903.5%). Calculated
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↓
Cash fell
Bank deposits 176.1k NOK → 6 028 NOK (-96.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.48× → 0.05× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.26m NOK → 2.44m NOK (169% → 483% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -903.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation