ACTIVE SERVICES AS: årsregnskap 2017 vs 2016
Grew 18% on revenue, weaker earnings, cash halved-plus
approved 2018-05-29; registry 2018-06-11; journal 2018 451736
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACTIVE SERVICES AS. Revenue 3.93m NOK → 4.64m NOK (+18.0%). Net result +356.0k NOK → +262.9k NOK. Equity 935.7k NOK → 598.5k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACTIVE SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.93m NOK to 4.64m NOK (+18.0% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 120 NOK → 120.0k NOK (+119.9k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +478.7k NOK → +349.4k NOK (op. margin 12.2% → 7.5%). Calculated
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↓
Net result weakened
Net result +356.0k NOK → +262.9k NOK (net margin 9.1% → 5.7%). Calculated
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↓
Equity eroded
Book equity 935.7k NOK → 598.5k NOK (equity ratio 54.4% → 44.1%). Calculated
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↓
Cash fell
Bank deposits 990.3k NOK → 454.0k NOK (-54.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.34m NOK → 3.09m NOK (59% → 67% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 172.0k NOK → 267.1k NOK (+55.3% YoY). Calculated