ACME BUSS AS: årsregnskap 2017 vs 2016
Grew 10% on revenue, stronger earnings
approved 2018-05-02; registry 2018-06-19; journal 2018 501211
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACME BUSS AS. Revenue 5.70m NOK → 6.29m NOK (+10.4%). Net result +60.4k NOK → +157.0k NOK. Equity 353.3k NOK → 360.3k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACME BUSS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.70m NOK to 6.29m NOK (+10.4% YoY). Calculated
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Net result improved
Net result +60.4k NOK → +157.0k NOK (net margin 1.1% → 2.5%). Calculated
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Equity strengthened
Book equity 353.3k NOK → 360.3k NOK (equity ratio 11.0% → 8.9%). Calculated
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Current ratio back above 1×
Current ratio 0.06× → 1.11×. Calculated
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Payroll decreased
Salary cost 3.40m NOK → 3.39m NOK (60% → 54% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +465.2k NOK → +282.6k NOK (op. margin 8.2% → 4.5%). Calculated
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↓
Cash fell
Bank deposits 536.4k NOK → 392.8k NOK (-26.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 141.3k NOK → 264.0k NOK (+86.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 146.7k NOK → 114.7k NOK. Reported fact