ACK ARKITEKTER AS: årsregnskap 2017 vs 2016
Shrank 23% on revenue, stronger earnings
approved 2019-12-13; registry 2019-12-16; journal 2019 946041
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACK ARKITEKTER AS. Revenue 4.44m NOK → 3.42m NOK (-23.0%). Net result -1.90m NOK → -495.5k NOK. Equity 227.0k NOK → -268.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACK ARKITEKTER AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -1.93m NOK → -470.1k NOK (op. margin -43.5% → -13.7%). Calculated
-
↑
Net result improved
Net result -1.90m NOK → -495.5k NOK (net margin -42.7% → -14.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.44m NOK to 3.42m NOK (-23.0% YoY). Calculated
-
↓
Equity eroded
Book equity 227.0k NOK → -268.5k NOK (equity ratio 8.3% → -16.6%). Calculated
-
↓
Cash fell
Bank deposits 228.4k NOK → 210.6k NOK (-7.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.71m NOK (0% → 50% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -16.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation