ACURO AS: årsregnskap 2017 vs 2016
Shrank 14% on revenue, weaker earnings
approved 2018-06-15; registry 2018-06-20; journal 2018 516709
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACURO AS. Revenue 2.54m NOK → 2.18m NOK (-13.9%). Net result +513.0k NOK → +356.5k NOK. Equity 66.8k NOK → 33.3k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACURO AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.84× → 99.83×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.54m NOK to 2.18m NOK (-13.9% YoY). Calculated
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↓
Operating result weakened
Operating result +698.5k NOK → +480.9k NOK (op. margin 27.5% → 22.0%). Calculated
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↓
Net result weakened
Net result +513.0k NOK → +356.5k NOK (net margin 20.2% → 16.3%). Calculated
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↓
Equity eroded
Book equity 66.8k NOK → 33.3k NOK (equity ratio 3.4% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 751.5k NOK → 453.4k NOK (-39.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 221.3k NOK → 271.3k NOK. Reported fact