AGGAHYTTER PANORAMA AS: årsregnskap 2017 vs 2016
Grew 17% on revenue, returned to profit
approved 2018-06-30; registry 2018-08-08; journal 2018 882436
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGGAHYTTER PANORAMA AS. Revenue 803.8k NOK → 936.9k NOK (+16.6%). Net result -62.7k NOK → +57.0k NOK. Equity 123.1k NOK → 66.1k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AGGAHYTTER PANORAMA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 803.8k NOK to 936.9k NOK (+16.6% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 62.7k NOK to a profit of 57.0k NOK. Calculated
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Cash rose
Bank deposits 44.4k NOK → 490.5k NOK (+1003.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.27× → 3.44×. Calculated
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Payroll decreased
Salary cost 59.1k NOK → 1 460 NOK (7% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +185.01m NOK → +187.0k NOK (op. margin 23016.8% → 20.0%). Calculated
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↓
Equity eroded
Book equity 123.1k NOK → 66.1k NOK (equity ratio 1.7% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 440 NOK → 214.4k NOK (+48636.4% YoY). Calculated