ACTRONICS AS: årsregnskap 2016 vs 2015
Grew 57% on revenue, returned to profit
approved 2017-05-22; registry 2017-06-24; journal 2017 524209
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACTRONICS AS. Revenue 2.50m NOK → 3.92m NOK (+56.8%). Net result -454.9k NOK → +42.2k NOK. Equity -834.0k NOK → -791.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACTRONICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.50m NOK to 3.92m NOK (+56.8% YoY). Calculated
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Operating result improved
Operating result -468.9k NOK → +42.2k NOK (op. margin -18.7% → 1.1%). Calculated
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Turned profitable
Net result flipped from a loss of 454.9k NOK to a profit of 42.2k NOK. Calculated
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Equity strengthened
Book equity -834.0k NOK → -791.8k NOK (equity ratio -89.7% → -98.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 302.2k NOK → 159.1k NOK (-47.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -98.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 759.4k NOK → 2.38m NOK (+213.9% YoY). Calculated