AE RØRSERVICE AS: årsregnskap 2017 vs 2016
Shrank 60% on revenue, slipped into loss
approved 2018-07-30; registry 2018-08-04; journal 2018 875296
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AE RØRSERVICE AS. Revenue 544.2k NOK → 219.2k NOK (-59.7%). Net result +66.8k NOK → -57.7k NOK. Equity -285.0k NOK → -342.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 92.4k NOK → 78.5k NOK (17% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 544.2k NOK to 219.2k NOK (-59.7% YoY). Calculated
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↓
Operating result weakened
Operating result +108.7k NOK → -67.5k NOK (op. margin 20.0% → -30.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 66.8k NOK profit to a loss of 57.7k NOK. Calculated
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↓
Equity eroded
Book equity -285.0k NOK → -342.8k NOK (equity ratio -45.6% → -73.2%). Calculated
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↓
Cash fell
Bank deposits 34.4k NOK → 26.7k NOK (-22.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -73.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation