AHR AS: årsregnskap 2017 vs 2016
Shrank 18% on revenue
approved 2018-05-28; registry 2018-06-26; journal 2018 562892
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AHR AS. Revenue 208.2k NOK → 170.9k NOK (-17.9%). Net result +598.6k NOK → +598.6k NOK. Equity 692.6k NOK → 291.2k NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AHR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +386.6k NOK → +410.2k NOK (op. margin 185.6% → 240.0%). Calculated
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↑
Cash rose
Bank deposits 331.0k NOK → 580.9k NOK (+75.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.71× → 1.03×. Calculated
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↑
Payroll decreased
Salary cost 640.5k NOK → 632.3k NOK (308% → 370% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 208.2k NOK to 170.9k NOK (-17.9% YoY). Calculated
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↓
Equity eroded
Book equity 692.6k NOK → 291.2k NOK (equity ratio 12.5% → 4.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 4.74m NOK → 4.86m NOK. Reported fact