AD BYGG & VVS AS: årsregnskap 2017 vs 2016
Shrank 57% on revenue
approved 2018-05-13; registry 2018-06-19; journal 2018 504285
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AD BYGG & VVS AS. Revenue 2.94m NOK → 1.26m NOK (-57.0%). Net result 0 NOK → +67 NOK. Equity -194.2k NOK → -186.0k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD BYGG & VVS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -444.0k NOK → +25.5k NOK (op. margin -15.1% → 2.0%). Calculated
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↑
Equity strengthened
Book equity -194.2k NOK → -186.0k NOK (equity ratio -31.1% → -55.1%). Calculated
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↑
Cash rose
Bank deposits 10.1k NOK → 24.3k NOK (+141.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.94m NOK to 1.26m NOK (-57.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.28m NOK → 2.78m NOK (77% → 220% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -55.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 916.3k NOK → 279.5k NOK (-69.5% YoY). Calculated