Org.nr 915 682 499 2016 → 2017 Year-over-year analysis

AHN MANAGEMENT AS: årsregnskap 2017 vs 2016

Shrank 37% on revenue, cash halved-plus

approved 2018-06-29; registry 2018-08-18; journal 2018 914481

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AHN MANAGEMENT AS. Revenue 826.6k NOK → 521.6k NOK (-36.9%). Equity -2.14m NOK → -3.38m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AHN MANAGEMENT AS.

At a glance

Revenue

826.6k NOK 521.6k NOK

-36.9%

Net result

n/m -1.24m NOK

—

Equity

-2.14m NOK -3.38m NOK

-57.9%

Cash

90.2k NOK 33.0k NOK

-63.4%

Total assets

1.52m NOK 954.2k NOK

-37.1%

↓
Revenue fell

Operating income / revenue moved from 826.6k NOK to 521.6k NOK (-36.9% YoY). Calculated
↓
Equity eroded

Book equity -2.14m NOK → -3.38m NOK (equity ratio -141.1% → -353.9%). Calculated
↓
Cash fell

Bank deposits 90.2k NOK → 33.0k NOK (-63.4% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.78m NOK → 2.97m NOK (216% → 569% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -353.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation