ADVANCED MACHINE COMPANY AS: årsregnskap 2017 vs 2016
Shrank 6% on revenue, weaker earnings
approved 2018-03-21; registry 2018-03-24; journal 2018 244186
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVANCED MACHINE COMPANY AS. Revenue 12.81m NOK → 12.04m NOK (-6.0%). Net result +237.6k NOK → +1 110 NOK. Equity 3.57m NOK → 1.68m NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +324.8k NOK → +1.46m NOK (op. margin 2.5% → 12.1%). Calculated
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↑
Cash rose
Bank deposits 3.36m NOK → 14.02m NOK (+317.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.57m NOK → 4.35m NOK (36% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.81m NOK to 12.04m NOK (-6.0% YoY). Calculated
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↓
Net result weakened
Net result +237.6k NOK → +1 110 NOK (net margin 1.9% → 0.0%). Calculated
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↓
Equity eroded
Book equity 3.57m NOK → 1.68m NOK (equity ratio 58.4% → 10.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.94m NOK → 4.40m NOK (-26.0% YoY). Calculated