FirmaIQ
Org.nr 997 877 098 2016 → 2017 Year-over-year analysis

AHMAD HARMOUCH AS: årsregnskap 2017 vs 2016

Shrank 27% on revenue, weaker earnings

approved 2018-04-19; registry 2018-06-07; journal 2018 422430

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AHMAD HARMOUCH AS. Revenue 82.52m NOK → 60.54m NOK (-26.6%). Net result +1.73m NOK → +287.3k NOK. Equity 1.93m NOK → 1.37m NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AHMAD HARMOUCH AS.

At a glance

Scorecard

Revenue
82.52m NOK 60.54m NOK
-26.6%
Operating result
+2.30m NOK +350.6k NOK
-84.8%
Net result
+1.73m NOK +287.3k NOK
-83.4%
Equity
1.93m NOK 1.37m NOK
-29.1%
Cash
5.13m NOK 3.38m NOK
-34.2%
Total assets
12.25m NOK 9.10m NOK
-25.8%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.96× → 1.03×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 82.52m NOK to 60.54m NOK (-26.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.30m NOK → +350.6k NOK (op. margin 2.8% → 0.6%). Calculated

  • ↓

    Net result weakened

    Net result +1.73m NOK → +287.3k NOK (net margin 2.1% → 0.5%). Calculated

  • ↓

    Equity eroded

    Book equity 1.93m NOK → 1.37m NOK (equity ratio 15.8% → 15.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.13m NOK → 3.38m NOK (-34.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 68.05m NOK → 50.60m NOK (-25.6% YoY). Calculated