AIK VVS AS: årsregnskap 2017 vs 2016
Grew 115% on revenue, weaker earnings
approved 2018-06-30; registry 2018-07-21; journal 2018 746269
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIK VVS AS. Revenue 292.7k NOK → 628.4k NOK (+114.7%). Net result +83.2k NOK → +4 395 NOK. Equity 201.8k NOK → 176.0k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AIK VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 292.7k NOK to 628.4k NOK (+114.7% YoY). Calculated
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↑
Cash rose
Bank deposits 25.6k NOK → 86.9k NOK (+240.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.47× → 1.11×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +86.4k NOK → +5 774 NOK (op. margin 29.5% → 0.9%). Calculated
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↓
Net result weakened
Net result +83.2k NOK → +4 395 NOK (net margin 28.4% → 0.7%). Calculated
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↓
Equity eroded
Book equity 201.8k NOK → 176.0k NOK (equity ratio 58.3% → 46.6%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 145.5k NOK → 259.6k NOK (+78.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 184.4k NOK → 76.0k NOK. Reported fact