ACE OPTIONS NORGE AS: årsregnskap 2017 vs 2016
Grew 74% on revenue, weaker earnings
approved 2017-09-29; registry 2017-11-27; journal 2017 895833
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACE OPTIONS NORGE AS. Revenue 3.90m NOK → 6.77m NOK (+73.5%). Net result +20.4k NOK → +1 321 NOK. Equity -1.44m NOK → -1.44m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACE OPTIONS NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.90m NOK to 6.77m NOK (+73.5% YoY). Calculated
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Operating result improved
Operating result +112.4k NOK → +164.2k NOK (op. margin 2.9% → 2.4%). Calculated
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Equity strengthened
Book equity -1.44m NOK → -1.44m NOK (equity ratio -197.2% → -747.1%). Calculated
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Payroll decreased
Salary cost 4.81m NOK → 994.3k NOK (123% → 15% of revenue). Calculated
What deteriorated
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Net result weakened
Net result +20.4k NOK → +1 321 NOK (net margin 0.5% → 0.0%). Calculated
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Cash fell
Bank deposits 242.1k NOK → 122.8k NOK (-49.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -747.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 2.76m NOK → 4.89m NOK (+77.4% YoY). Calculated