Org.nr 981 375 793 2016 → 2017 Year-over-year analysis

ACE GOLF AS: årsregnskap 2017 vs 2016

Another loss-making year

approved 2018-04-19; registry 2018-05-28; journal 2018 361304

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ACE GOLF AS. Revenue 5.94m NOK → 5.97m NOK (+0.4%). Equity 976.5k NOK → 864.9k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ACE GOLF AS.

At a glance

Revenue

5.94m NOK 5.97m NOK

+0.4%

Operating result

n/m -142.7k NOK

—

Net result

n/m -111.5k NOK

—

Equity

976.5k NOK 864.9k NOK

-11.4%

Cash

189.7k NOK 469.3k NOK

+147.3%

Total assets

1.25m NOK 1.36m NOK

+8.4%

↑
Revenue rose

Operating income / revenue moved from 5.94m NOK to 5.97m NOK (+0.4% YoY). Calculated
↑
Cash rose

Bank deposits 189.7k NOK → 469.3k NOK (+147.3% YoY). Calculated

↓
Equity eroded

Book equity 976.5k NOK → 864.9k NOK (equity ratio 77.8% → 63.6%). Calculated

·
Payroll increased

Salary cost 1.68m NOK → 1.69m NOK (28% → 28% of revenue). Calculated
·
COGS fell

COGS / varekostnad 3.63m NOK → 3.61m NOK (-0.7% YoY). Calculated