AIR-TECH AS: årsregnskap 2016 vs 2015
Shrank 21% on revenue, weaker earnings
approved 2017-06-29; registry 2017-07-18; journal 2017 728788
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIR-TECH AS. Revenue 4.78m NOK → 3.79m NOK (-20.6%). Net result +705.7k NOK → +209.0k NOK. Equity 100.0k NOK → 309.0k NOK.
On the constructive side: equity strengthened; cash rose; 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 AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 100.0k NOK → 309.0k NOK (equity ratio 5.8% → 252.1%). Calculated
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↑
Cash rose
Bank deposits 245.9k NOK → 370.5k NOK (+50.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.24×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.78m NOK to 3.79m NOK (-20.6% YoY). Calculated
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↓
Operating result weakened
Operating result +705.7k NOK → +279.7k NOK (op. margin 14.8% → 7.4%). Calculated
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↓
Net result weakened
Net result +705.7k NOK → +209.0k NOK (net margin 14.8% → 5.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.73m NOK → 2.16m NOK (36% → 57% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.86m NOK → 883.2k NOK (-52.5% YoY). Calculated