ACTE AS: årsregnskap 2016 vs 2015
Shrank 14% on revenue, cash halved-plus
approved 2016-08-22; registry 2016-09-13; journal 2016 940809
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACTE AS. Revenue 80.14m NOK → 68.82m NOK (-14.1%). Equity 6.49m NOK → 4.92m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACTE AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 80.14m NOK to 68.82m NOK (-14.1% YoY). Calculated
-
↓
Equity eroded
Book equity 6.49m NOK → 4.92m NOK (equity ratio 18.8% → 18.9%). Calculated
-
↓
Cash fell
Bank deposits 2.23m NOK → 772.4k NOK (-65.3% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 16.10m NOK → 16.96m NOK (20% → 25% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.23m NOK → 772.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 5.64m NOK → 5.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 56.07m NOK → 46.96m NOK (-16.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.25m NOK → 1.34m NOK. Reported fact