ACTE AS: årsregnskap 2017 vs 2016
Shrank 11% on revenue, cash halved-plus
approved 2017-06-16; registry 2017-06-21; journal 2017 499338
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACTE AS. Revenue 68.82m NOK → 61.46m NOK (-10.7%). Equity 4.92m NOK → 5.22m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTE AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 4.92m NOK → 5.22m NOK (equity ratio 18.9% → 19.5%). Calculated
-
↑
Payroll decreased
Salary cost 16.96m NOK → 12.08m NOK (25% → 20% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 68.82m NOK to 61.46m NOK (-10.7% YoY). Calculated
-
↓
Cash fell
Bank deposits 772.4k NOK → 11.4k NOK (-98.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 46.96m NOK → 43.49m NOK (-7.4% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.34m NOK → 1.43m NOK. Reported fact