ACE GOLF AS: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-06-29; registry 2017-07-06; journal 2017 604275
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACE GOLF AS. Revenue 6.20m NOK → 5.94m NOK (-4.1%). Equity 1.08m NOK → 976.5k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.72× → 4.19×. Calculated
-
↑
Payroll decreased
Salary cost 1.92m NOK → 1.68m NOK (31% → 28% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.20m NOK to 5.94m NOK (-4.1% YoY). Calculated
-
↓
Equity eroded
Book equity 1.08m NOK → 976.5k NOK (equity ratio 61.3% → 77.8%). Calculated
-
↓
Cash fell
Bank deposits 744.3k NOK → 189.7k NOK (-74.5% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 3.05m NOK → 3.63m NOK (+19.1% YoY). Calculated