AE.TCOB AS: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-06-15; registry 2018-06-19; journal 2018 512745
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AE.TCOB AS. Net result -8 292 NOK → +12.86m NOK. Equity -5 874 NOK → 7.31m NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AE.TCOB AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 8 292 NOK to a profit of 12.86m NOK. Calculated
-
↑
Equity strengthened
Book equity -5 874 NOK → 7.31m NOK (equity ratio -753.1% → 1790.6%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.04× → 33.92×. Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 30.1k NOK → 1 829 NOK (-93.9% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 750.0k NOK → 4.02bn NOK. Reported fact