AEL HUS- OG HAGEFORNYING AS: årsregnskap 2017 vs 2016
Grew 18% on revenue, weaker earnings
approved 2018-04-15; registry 2018-04-24; journal 2018 281968
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AEL HUS- OG HAGEFORNYING AS. Revenue 1.37m NOK → 1.61m NOK (+17.7%). Net result -7 387 NOK → -107.4k NOK. Equity 47.6k NOK → -59.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AEL HUS- OG HAGEFORNYING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.37m NOK to 1.61m NOK (+17.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -9 593 NOK → -110.2k NOK (op. margin -0.7% → -6.8%). Calculated
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↓
Net result weakened
Net result -7 387 NOK → -107.4k NOK (net margin -0.5% → -6.7%). Calculated
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↓
Equity eroded
Book equity 47.6k NOK → -59.8k NOK (equity ratio 21.1% → -32.9%). Calculated
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↓
Cash fell
Bank deposits 93.4k NOK → 67.1k NOK (-28.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 400.6k NOK → 424.2k NOK (29% → 26% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 471.5k NOK → 767 NOK (-99.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 109.5k NOK → 68.7k NOK. Reported fact