ACCOUNTOR VAT-SERVICE AS: årsregnskap 2017 vs 2016
Shrank 22% on revenue, weaker earnings
approved 2018-05-28; registry 2018-06-16; journal 2018 490851
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACCOUNTOR VAT-SERVICE AS. Revenue 3.40m NOK → 2.67m NOK (-21.6%). Net result +991.4k NOK → +738.9k NOK. Equity 171.6k NOK → 173.3k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCOUNTOR VAT-SERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +275.2k NOK → +933.1k NOK (op. margin 8.1% → 35.0%). Calculated
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↑
Equity strengthened
Book equity 171.6k NOK → 173.3k NOK (equity ratio 4.3% → 5.6%). Calculated
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↑
Cash rose
Bank deposits 35.5k NOK → 40.1k NOK (+13.0% YoY). Calculated
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Payroll decreased
Salary cost 2.03m NOK → 1.62m NOK (60% → 61% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.40m NOK to 2.67m NOK (-21.6% YoY). Calculated
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↓
Net result weakened
Net result +991.4k NOK → +738.9k NOK (net margin 29.2% → 27.7%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.65m NOK → 381.2k NOK. Reported fact