ACE WELL TECHNOLOGY AS: årsregnskap 2017 vs 2016
Grew 114% on revenue, cash halved-plus, fresh owner capital
approved 2018-06-08; registry 2018-06-26; journal 2018 560120
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACE WELL TECHNOLOGY AS. Revenue 7.74m NOK → 16.61m NOK (+114.5%).
On the constructive side: revenue rose; owners injected capital. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACE WELL TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.74m NOK to 16.61m NOK (+114.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 35.22m NOK → 45.22m NOK (+10.00m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 2.57m NOK → 817.0k NOK (-68.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.27× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.57m NOK → 817.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 5.76m NOK → 9.50m NOK (+65.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 079 NOK → 1.89m NOK. Reported fact