ACCOUNT REGNSKAP AS: årsregnskap 2017 vs 2016
Grew 20% on revenue, weaker earnings
approved 2018-03-06; registry 2018-05-07; journal 2018 300942
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCOUNT REGNSKAP AS. Revenue 4.00m NOK → 4.80m NOK (+20.0%). Net result +575.4k NOK → +345.4k NOK. Equity 1.07bn NOK → 1.42m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ACCOUNT REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.00m NOK to 4.80m NOK (+20.0% YoY). Calculated
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↑
Cash rose
Bank deposits 259.2k NOK → 1.15m NOK (+344.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.29× → 8.49×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +736.4k NOK → +470.9k NOK (op. margin 18.4% → 9.8%). Calculated
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↓
Net result weakened
Net result +575.4k NOK → +345.4k NOK (net margin 14.4% → 7.2%). Calculated
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↓
Equity eroded
Book equity 1.07bn NOK → 1.42m NOK (equity ratio 54774.9% → 55.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.56m NOK → 2.63m NOK (64% → 55% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 37.8k NOK → 16.8k NOK (-55.6% YoY). Calculated