ADVANCED CONTROL ROBOTIC AS: årsregnskap 2017 vs 2016
Shrank 23% on revenue, weaker earnings
approved 2018-02-16; registry 2018-03-07; journal 2018 222443
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVANCED CONTROL ROBOTIC AS. Revenue 1.99m NOK → 1.52m NOK (-23.3%). Net result +6.05m NOK → +3.57m NOK. Equity 1.05m NOK → 2.62m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL ROBOTIC AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.05m NOK → 2.62m NOK (equity ratio 13.2% → 37.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.62× → 1.13×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.99m NOK to 1.52m NOK (-23.3% YoY). Calculated
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↓
Net result weakened
Net result +6.05m NOK → +3.57m NOK (net margin 304.4% → 234.0%). Calculated
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↓
Cash fell
Bank deposits 30.7k NOK → 21.1k NOK (-31.4% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 46.21m NOK → 44.21m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 457.6k NOK → 210.0k NOK (-54.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.10m NOK → 3 105 NOK. Reported fact