ACOUSTIC TUNING AS: årsregnskap 2017 vs 2016
Grew 97% on revenue, stronger earnings
approved 2018-06-29; registry 2018-08-04; journal 2018 866689
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACOUSTIC TUNING AS. Revenue 447.8k NOK → 881.9k NOK (+96.9%). Net result +23.9k NOK → +464.1k NOK. Equity 5.14m NOK → 608.4k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACOUSTIC TUNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 447.8k NOK to 881.9k NOK (+96.9% YoY). Calculated
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Net result improved
Net result +23.9k NOK → +464.1k NOK (net margin 5.3% → 52.6%). Calculated
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Payroll decreased
Salary cost 40.0k NOK → 8 368 NOK (9% → 1% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.14m NOK → 608.4k NOK (equity ratio 1018.1% → 111.3%). Calculated
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↓
Cash fell
Bank deposits 125.9k NOK → 95.9k NOK (-23.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.40× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 379.0k NOK → 392.4k NOK (+3.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 18.0k NOK → 159.9k NOK. Reported fact